But we are not done yet, since YCC is an altcoin we need to transfer our BTC to an exchange that YCC can be traded, hera we will use Huobi as our exchange. Huobi is a popular substitution to trade altcoins and it has a big number of tradable altcoins pairs. Use the connection below to register your newly report. Huobi is in the first place a Chinese crypto substitute. From what it seems, it has immediately registered in the Seychelles. This exchange is one of the six exchanges from the Seychelles. The liquid at Huobi is impressive. The fluidity, together with its customer support that is open 24 hours a day 365 days a class and good security. If you sign up to Huobi using our liaison below, you will receive a series of welcome bonuses, as follows : 1. USDT 10 when you have registered and verified your profile, 2. USDT 50 when you have deposited/bought 100 USDT worth of tokens via Huobi OTC, and 3. A casual of up to USDT 60 when you have completed a minimum of 100 USDT deserving of crypto-to-crypto deal. Huobi does not allow US-investors on its exchange.
After going through a similar process as we ‘ve done before with Coinbase, you will be advised to set up 2FA authentication adenine well, finish it as it adds extra security to your explanation .
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 march should be straight-forward and easy to follow. Once you ‘re done with it you should have full entree to your exchange wallet.
If this is your first meter making a crypto deposit, the screen here may look a bit chilling. But do n’t worry, it ‘s basically simpler than making a savings bank transfer. At the box on the correctly, you will see a chain of random numbers saying ‘BTC address ‘, this is a unique public address of your BTC wallet at Huobi and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on Coinbase to this wallet, snap on ‘Copy Address ‘ or right-click on the broad address and snap copy to grab this address to your clipboard. immediately head back to Coinbase, go to Portfolio page and snap on BTC on your asset list, then click on ‘Send ‘ on the right.
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Under the Recipient battlefield, paste the wallet address from your clipboard, for security circumstance you should always check if both addresses are matching. It is known that there are certain computer 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 instantaneously, snap on the confirmation radio link in the electronic mail and your coins are on the direction to Huobi !
nowadays go back to Huobi and head to your exchange wallets, do n’t worry if you have n’t seen your lodge here. It is credibly still being verified in the blockchain net and it should take a few minutes for your coins to arrive. Depending on the net traffic condition of the Bitcoin network, during busy times it may take even longer. You should receive a confirmation notification from Huobi once your BTC has arrived. And you are now ultimately ready to purchase YCC !
Step 5: Trade YCC
Go back to Huobi, then go to ‘Exchange ‘. boom ! What a view ! The constantly flip figures might be a bit chilling, but relax, let ‘s get our heads around this.
In the right column there is a search bar, immediately make indisputable “ BTC ” is selected as we are trading BTC to altcoin pair. Click on it and type in “ YCC ”, you should see YCC/BTC, choose that pair and you should see a monetary value chart of YCC/BTC in the center of the page. Below there is a box with a green button that says “ Buy YCC ”, inside of the box, choose the “ Market ” yellow journalism hera as that is the most straight-forward type of buying orders. You can either type in your sum or choose what part of your deposit you would like to spend on buy, by clicking on the share buttons. When you have confirmed everything, snap “ Buy YCC ”. Voila ! You have ultimately bought YCC !