All transactions are recorded on the blockchain. Cryptocurrency is not regulated or controlled by any bank or government. When you use BNB, you prevent that and actually get your 1000.Ĭryptocurrency is a digital/virtual asset. The order was for 1000, but you end up with something like 999.97654. Dusting happens when you enter in an order and the exchange takes the fee from the trade. This is slightly cheaper and it prevents “dusting”. Withdrawals, you can sell XYZ coin to ETH or BTC, move it to QuadrigaCX and opt to have a ETF withdrawal.īinance has their own coin, BNB which you can purchase and when doing trades it will use that “coin” for your fees.
Leave on exchange or send to a wallet (Be aware of withdrawal fees)Ĩ. So for example if you wanted to buy ICON (ICX), click on ICX/ETH.ħ. On the exchange, locate correct pairing for the crypto of choice and ETH.
Transfer ETH to whichever exchange you settle on, for example Binance.ĥ. Purchase ETH (not BTC due to high fees and transfer times, unless you go from Coinbase to GDAX to wherever)Ĥ. Register on an exchange like Coinbase or one of your choosingģ. Instead of the instructions getting buried in the bitcoin/eth thread I typed out the basics here so it can be on post #1 that people can reference.ġ. Tons of scammers out there with all the crypto hype *** Make sure it's the official site/twitter account of the crypto. *** Do not blindly follow strange links / twitter accounts that offer you something.
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