A Step-by-Step-Guide on how to buy Ycash (YEC)
Step 1 – Join Coinbase and receive 10$ in Bitcoin In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Ycash (YEC) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find Ycash (YEC) Once your deposit has been confirmed, you'll instantly have access to your funds and you can launch buying and trading. To buy Ycash (YEC) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. In order to spot Ycash (YEC), you'll need to put the shortname of the coin (YEC) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have marked this too. Click on “YEC/BTC” to continue.
Step 4 – Purchasing Ycash (YEC) Once you have located Ycash (YEC), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're making our Limit Order. The field with the “Price” tag will be filled automatically with the most latest tariff (YEC) Ycash was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of YEC you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete amount of YEC. When you are glad, make a mouse click on “Buy YEC”. Your order will be filled when a Vender trades their YEC for the price you introduced.
Step 5 – Withdraw Ycash (YEC) Unless you are trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer period of time. In order to withdraw your (YEC) Ycash, hover over the “Funds” tab and mouse click on “Withdraw”. (YEC) Ycash can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (YEC) Ycash by using the provided drop-down box. Drop in the amount of Ycash (YEC) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, click “Submit”. You may be requested for phone/email verification ahead of a take off.