But we are not done so far, since XYO is an altcoin we need to transfer our BTC to an exchange that XYO can be traded, here we will use KuCoin as our exchange. KuCoin is a democratic substitution to trade altcoins and it has a bombastic act of tradable altcoins pairs. Use the connect below to register your new report. KuCoin is a cryptocurrency exchange based in the Seychelles ( previously Hong Kong ). Launched in September 2017, KuCoin claims to have 5 million users from over 200 countries and regions. frequently known as the People ’ mho Exchange, KuCoin now offers crypto-related services like crypto-to-crypto, fiat-to-crypto, futures trading, staking, lending and sol forth. The substitute has one of the global ’ s most impressive trade pair selections, with more than 250 support coins and 440 trade pairs. KuCoin was backed by two giant traditional venture capitals when launching – IDG Capital and Matrix Partners. The exchange besides announced a USD 20 million round A fund from them at the end of 2018. US-investors are not listed as prohibited from trading. If you are a US-investor, however, you should still always analyse yourself whether your home state imposes any obstacles for your foreign cryptocurrency trading.
After going through a similar process as we ‘ve done before with Coinbase, you will be advised to set up 2FA authentication equally well, finish it as it adds extra security to your history .
Step 4: Deposit BTC to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should normally take you from 30 minutes to possibly a few days maximum. Though the procedure should be straight-forward and easy to follow. Once you ‘re done with it you should have fully access to your rally wallet.
If this is your first time making a crypto deposit, the screen here may look a act chilling. But do n’t worry, it ‘s basically simpler than making a bank remove. At the box on the right, you will see a string of random numbers saying ‘BTC savoir-faire ‘, this is a alone populace address of your BTC wallet at KuCoin and you can receive BTC by giving this address to the person to send you the funds. Since we are nowadays transferring our previously bought BTC on Coinbase to this wallet, click on ‘Copy Address ‘ or right-click on the full address and click copy to grab this address to your clipboard. now head back to Coinbase, go to Portfolio page and pawl on BTC on your asset list, then click on ‘Send ‘ on the right.
Under the Recipient field, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain calculator malware that would alter the content in your clipboard into another wallet address and you will be basically sending funds to another person. Click ‘Send ‘ to proceed, you should receive a confirmation e-mail immediately, click on the ratification associate in the electronic mail and your coins are on the way to KuCoin !
now go back to KuCoin and head to your exchange wallets, do n’t worry if you have n’t seen your deposition here. It is credibly still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic discipline of the Bitcoin network, during busy times it may take even longer. You should receive a confirmation notification from KuCoin once your BTC has arrived. And you are now last quick to purchase XYO !
Step 5: Trade XYO
Go back to KuCoin, then go to ‘Exchange ‘. boom ! What a opinion ! The constantly flick figures might be a bit chilling, but relax, let ‘s get our heads around this.
In the right column there is a search stripe, immediately make certain “ BTC ” is selected as we are trading BTC to altcoin match. Click on it and type in “ XYO ”, you should see XYO/BTC, blue-ribbon that pair and you should see a monetary value chart of XYO/BTC in the middle of the page. Below there is a box with a k button that says “ Buy XYO ”, inside of the box, choose the “ Market ” pill here as that is the most straight-forward type of buying orders. You can either type in your measure or choose what part of your situate you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click “ Buy XYO ”. Voila ! You have ultimately bought XYO !