Complete guide on knowing nano currency, the coin, intent and how to buy a binance XRB token from Binance, formerly known as RaiBlocks.I feel that it’s necessary at least to grasp the very basics, so this will provide a brief overview of all future things to get you started.
RaiBlocks, like Bitcoin, is supposed to be a completely new currency, but it has some distinctions and benefits over existing cryptographic protocols. Click binance XRB to review my other post if you want to find more about how Nano or Raiblocks functions.
First of all, we must buy Bitcoin or Ethereum for exchanges to purchase any cryptocurrency. Follow the link to purchase Ethereum on Coinbase and following its next steps to purchase NANO on Binance. You can avoid this move and go on to Binance registration if you have Ethereum with you as well.NANO can be purchased also with Bitcoin-I recommend that it only takes a few minutes to switch to another exchange.
Register On Binance
Binance XRB is an exchange of crypto-monetary funds with comparatively fewer transaction fees and has been successful so far without problems and good support. Binance stock exchanges have two options: Standard and Advanced. I will cover the options trading mainly in this post, but the specialized view below is available. There aren’t many variations between the two viewpoints except that the advanced view can be studied more in-depth. You can also take the help of an auto trading system which assures you returns in profit and you can check bitcoin revolution review on cryptoevent to know more about.
Sending ETH from Coinbase to Binance
Go to Information on your Coinbase page. Find your wallet and press Send on your Accounts page. Type your ETH Number Binance next. Check it all twice! You have LOST funding if you give it to the wrong address. Wait now before Binance hits your ETH. To check the status, you are able to go to Funds-> Binance trading history to see how many authorizations have been made.
Deposit your Ethereum to Binance
You can see several menu items in the top right corner after you’ve registered and signed in on Binance XRB. One of them is “Funds” with such a “Deposits Withdrawals” submenu element. This is the position to see all your coins bought and obtained from other addresses.
Therefore we must have an Ethereum address to send Ethereum that we have purchased on Coinbase or Gemini to Binance XRB — we consider this in this tab.
See the screenshots below to learn how to deposit Ethereum in Coinbase.
Copy your username and send your ether to that address from Coinbase / Gemini. Select the simple menu item in Trade at the top left corner when you receive Ethereum on the Binance XRB.
Now, we have to consider binance XRB coin on the currency list with the Ethereum trading pair. Check the following picture and instructions.
- On the top right, click the ETH tab. You are therefore searching for coins that can be exchanged with Ethereum.
- Now you can see NANO / ETH at current prices. You are just about close now to investing in NANO. Only click on the NANO/eth now. Write the search box above the currencies list and it filters you, as seen below.
- Tap on NANO, which displays the candlesticks and instructions on the left-hand side of the daily chart below.
To add your NANO price in ETH suppose, currently, 0,00032018 shown in the above screenshot, press on green prices on the left-hand side Once you press, 0.00031555 will be updated. You must now pick the degree to which you want to invest in NANO in your ETH. You can buy it at this price by clicking 25 each.
You have to choose the price of these green numbers. They are essentially different from many other offers it is also called the purchasing cap.
How Ethereum is so valuable
Do we need another crazy crypto sound? We’ve got bitcoin? Bitcoin is like a value store. The transactions are managed by the directory and therefore it is worth it. Imagine a new network where transactions can be ledger + conditional execution/compliance with all the blockchain features that’s Ethereum.
Ethereum not only sells, but different currencies are also depending on the blockchain, which is in several ways superior to being a single currency. Some are Ripple, Bitcoin, Monero, and others. If Bitcoin is gold, Litecoin is like silver.
Buying Nano(XRB) on Binance XRB
Time to shop! Hello, go to Exchange-> Standard as soon as your ETH arrives. In the Google search bar, click on the ETH button at the top right corner Type NANO Click on the binance XRB / ETH Enter the amount to purchase. Just click on the field and choose Max amount or click on 25 percent to buy the amount corresponding to your ETH. press on Nano Purchase to purchase Nano.
Conclusion
You may also press on the Market tab next to the cap since you’re a novice, pick the ETH and press Buy Binance XRB essentially it’s bought at the market price.
When progress is shown, you can check for NANO from the right-hand side menu in the Funds-> Deposits & Withdrawals tab.
Congratulations on NANO buying. Here are just a few more guides for you to purchase other cryptocurrencies