How to Buy xBTC (XBTC)

A Step-by-Step-Guide on how to buy xBTC (XBTC)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

You'll first need to purchase one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and receive ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transmit Your Funds to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. xBTC (XBTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate (XBTC) xBTC

As soon as your deposit has been approved, you will instantly have access to your assets and you can begin buying and trading. To buy (XBTC) xBTC on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to locate (XBTC) xBTC, you will need to put the shortname of the coin (XBTC) into the search-box, which is highlighted in the picture. Make sure you have selected the right grouping, we have highlighted this too. Click on “XBTC/BTC” to go ahead.

How to buy Coin on Binance 1 xBTC (XBTC)
Step 4 – Acquisition of xBTC (XBTC)

As soon as you've located (XBTC) xBTC, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're creating our own Limit Order.

The “Price” field will be filled automatically with the most up-to-date rate (XBTC) xBTC was traded for. This can be changed to your favoured price. The “Amount” field is the amount of XBTC you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete volumen of XBTC.

If you are happy, click on “Buy XBTC”. Your order will be filled as soon as a Vendor sells their XBTC for the price you gave.

Step 5 – Withdraw xBTC (XBTC)

Unless you're frequently trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. To withdraw your xBTC (XBTC), hover over the tab called “Funds” and click on “Withdraw”. xBTC (XBTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find xBTC (XBTC) by using the given drop-down box. Drop in the amount of xBTC (XBTC) you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

When you're happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.

Kudos! You've successfully purchased and stored xBTC (XBTC).

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (XBTC) xBTC is stored within your wallet, you're all done.