You already need Bitcoin (BTC) or Ethereum (ETH) to trade with in order to buy Xana (XETA) on most cryptocurrency exchanges. The good news is that by using your credit card or bank account, you can simply buy and invest in Xava at Coinbase. NOTE: While there are other online sites to buy BTC and ETH, I’m going to concentrate on using Coinbase in this lesson because it’s the simplest for beginners to use.
Step 1: Create a Coinbase account.
Although Coinbase offers both iOS (iPhone) and Android apps, I’ve found that using their website is the simplest approach to setting up your exchange account with them.
1) Visit Coinbase website.
2) Next, fill out the get started box with your email address. You will always sign in to your Coinbase account using the email address you provide, so PLEASE ENSURE THAT IT IS YOUR MOST SECURE EMAIL ADDRESS AND ONE YOU HAVE ACCESS TO.
3) Following that, Coinbase will prompt you to indicate whether you are an INDIVIDUAL or a BUSINESS. Since I’m thinking you’re an individual, I’ll avoid setting up your company account. Be sure to provide your genuine name because Coinbase will use it to verify your account.
4) After that, Coinbase ought to email you to ask you to confirm your email address. Click the link in the email after opening it. Although email confirmation notifications might be a little bothersome, because you intend to load your account with real money, this security measure is highly reassuring.
5) You should now be logged into your Coinbase account or be able to do so. Again, there are a few extra verification processes you must complete as you will be spending your hard-earned money to finance your Coinbase account. Verifying a mobile phone number comes first.
To make your account even safer, Coinbase uses your mobile phone number to set up two-factor authentication (2FA). In essence, Coinbase will email you whenever there is a significant change to your account, including transactions. I’ve been using Coinbase for a long, and they have NEVER spammed me, so don’t worry. They genuinely just utilize this as a technique to strengthen your account’s security.
6) You must now establish your finance sources (i.e how you plan on purchasing your Bitcoin or Ethereum). You can either use a credit card or a bank account. I’d advise using the Credit Card financing option as you are now reading this article and want to buy Xana (XETA) using BTC or ETH.
You will be able to buy straight away and have access to swap your coins when you pay with a credit card. The only drawback is that when you initially create an account, your credit card’s weekly purchasing limit will be roughly $750.
For 4 to 5 business days after purchase, your cryptocurrency will not be available for trading if you choose to fund your account using a bank account. Although you will have a fixed price at the moment of purchase, this prevents you from immediately using your purchase to start purchasing Xana (XETA).
Step 2: Use Coinbase to make your first Bitcoin (BTC) or Ethereum (ETH) purchase.
You should now be prepared to make your first Bitcoin or Ethereum purchase, which you will use to buy Xana (XETA). Coinbase, as I stated at the outset of this article, makes it incredibly simple to begin investing in cryptocurrencies. You only need to go to your BUYS site and choose the currency you want to buy.
You will have to choose which cryptocurrency to invest in based on value since I am not a licensed expert and the market is so unstable. What I can tell you is that most exchanges that provide Xana (XETA) investment will let you buy using Bitcoin (BTC).
Set a budget for your investment. This is a monetary value. Be aware that you just need to invest a fraction of a coin; the complete coin need not be purchased. You will benefit from knowing this when making future cryptocurrency investments. Afterward, choose your funding source (i.e Credit Card) and then choose BUY.
NOTE: You’ll see that Coinbase charges a tiny fee when you buy BTC or ETH (3.99% for credit card payments). The good part is that they let you know the complete cost of the purchase before you do it. You have just become a cryptocurrency investor.
Step 3: Purchase Xana with your Ethereum or Bitcoin investment (XETA)
It’s now time you used your Coinbase investment to buy Xana (XETA). You will need to move your BTC or ETH investment to another cryptocurrency exchange because Coinbase only permits the purchase of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Although it may seem unpleasant, this is actually not.
Currently, a large number of cryptocurrency exchanges, including OKEx, provide Xana (XETA).
I will have to skip that section of the guide because each exchange has a different procedure for opening a trading account, although most of them (like first affiliate) have a straightforward setup procedure comparable to Coinbase. Additionally, the setup should be quicker as your funding will be done using the Bitcoin or Ethereum you’ve already bought.
You will need to transfer your BTC or ETH from Coinbase to that particular exchange once you have set up your trading account at one of the exchanges that trades Xana (XETA). A wallet system is used to do this. Don’t be intimidated; this is a really simple process.
You will need to obtain your account’s BTC or ETH wallet ID from the exchange where you wish to buy Xana (XETA). You’ll often notice a DEPOSIT button next to either BTC or ETH on exchanges. Your wallet ID should appear when you click on it (or you should be provided with a button to click to create it). Your account is unique to this wallet ID.
VERIFY that the wallet ID you receive corresponds to the proper currency that you bought from Coinbase. Ethereum and Bitcoins can only be stored in their respective wallets. Return to your Coinbase account after you have the wallet ID for your particular currency.
You must now wait for your transfer to pass through the bitcoin ecosystem and receive several confirmations. You can only wait for this to happen; there is nothing you can do to prevent it. This might take five minutes or perhaps many hours, depending on the day.The good thing is that they provide you with a link to follow the transfer in your Coinbase account.
As soon as your transfer has been verified, it ought to appear in your exchange’s account and be immediately available for use in purchasing Xanax (XETA). You should search for the XETA/ETH investment if you bought Ethereum (ETH) from Coinbase. Search for XETA/BTC for Bitcoin.
Don’t worry if Xana (XETA) doesn’t provide investment opportunities utilizing the money you bought from Coinbase. You just need to trade with that particular currency. When you’re ready to purchase Xana (XETA), you’ll probably have a few options.
The first one is making a purchase at the going rate. This is the price at which Xana (XETA) is now trading. There is nothing wrong with buying at this price, but if you want to obtain it for a cheaper price or believe the price will drop, check at the limit price.
Limit pricing essentially means that you wish to buy a set quantity of Xana (XETA) for a particular price. Your order will be executed if the price of XETA drops to that level. Keep in mind that there is no assurance the price will decrease to your maximum price given that how unpredictable the market is.
NOTE: Regardless of the trade option you choose, the cost at which you will buy Xana (XETA) will depend on the currency you are dealing with (BTC or ETH). You may always use Google and input something like “0.0025 BTC to USD” and Google will tell you the USD value. Some exchangers may not translate this over to your local currency.
Conclusion
You should make sure to follow your investment now that you have placed your first investment in Xana (XETA). Although the exchange where you bought the Xana offers this for you, it’s far simpler to use a third-party website or app. The top bitcoin investment tracking websites and applications are listed below for your convenience.
0 Comments