How to buy eos on kraken
Kraken Exchange Tutorial 2021: Beginners Guide
in this video I'm gonna take you through
the crypto currency exchange crackin and
I'll show you how to secure your account
by cell and withdraw from the site
you
crackin who have been around since 2011
and known for their low fees versatile
funding options security and being one
of the largest and oldest Bitcoin
exchanges in the world
and you can fund with fiat such as US
and Canadian dollars euros and GBP as
well as a whole host of Kryptos and they
also have a mobile app available to
where you can buy your crypto on the go
so let's jump into how we can trade our
crypto with Kraken so if you head over
to kraken and i've got a link in the
summary below that you can use if you
like and then we need to go ahead and
create an account so to create an
account is pretty simple
you just need to enter in an email
username a password country or residents
etc all pretty sanders stuff in here and
then you also need to enter in your full
name date of birth an address and
telephone number which will provide you
with a basic or a starter account and
there are different levels of
verification here depending on what you
want to trade and if you want to trade
with fiat for example you'll need to
provide government ID and proof
residents to and the first thing that i
personally recommend before you start
funding your account is setting up
two-factor authentication to secure your
account and the way that you do that is
if you head over to your profile in the
top right hand side of the screen and go
down to security
in here you can enable Google
authentication or Yubikey from this
screen and I've recently done a full
tutorial for you Becky if you're
interested in finding out more about
that or pop a link in the summary below
but wherever you secure your account
with just be aware that Kraken is an
exchange and you shouldn't keep your
funds on here unless you're trading as
an exchange with lots of assets is far
more likely to get hacked and also you
don't have access to your private keys
and therefore you have less control of
your funds but we'll get to withdrawing
to a secure wallet a little later in
here as well you could also set up a
master key which is a backup just in
case you lose your phone or your Yubikey
so now that you've gone ahead and
secured your account
I'd say it's gonna be safer to fund it
so what we need to do is now put some
funds into Kraken so that we can trade
with them so if we go to funding at the
top of the screen
in here we'll show your limits in terms
of Fiat or crypto and they'll also let
you know your level of verification that
you're on at the moment in the top right
so as you can see I'm intermediate which
means that I provided my government ID
and proof of address and in here you can
see my balances along with a whole host
of different ways that you can find your
account with fear and the reason why I
can do this is because I've got that
intermediate account and therefore I
know what a deposit and withdrawal Fiat
so I can deposit with the likes of US
and Canadian dollars euros Swiss franc
pound sterling and yen and then if I
click on just show all assets here
you'll see that there are so many types
of other cryptocurrencies thinking you
can deposit two
now one thing to mention just to save
any confusion here is the fact that on
crackin the ticker for Bitcoin is X BT
which is the same thing as BTC but let's
take a look at pound sterling as I'm
from the UK so if I go to there and
click on to deposit
now one thing to mention is if you are
creating a new bank account in here for
the very first time you won't be able to
withdraw your funds for 72 hours and
there's a few different methods where
you can fund your account so they
partner with a fiat currency funding
company called Itano
for free transfer fees or you can select
from backs or chaps and each one of
these are subject to their own maximum
and minimum deposits and fees - for
example if we take a look at packs now
you'll see they have a minimum of three
pounds and a maximum of 200,000 pounds
in terms of those deposits and they have
a fee of one pound 95 so when you want
to fund your account with your chosen
currency you'll need to take down all of
the information I put this in your
online banking so you'll need to enter
in things like your account named debate
court Iban sort code or account number
and you'll also need to ensure that you
include this reference as this matches
your bank deposit with your Krakken
account also make sure that the name on
your bank account matches the
verification name on the Krakken account
so once we've got some funds that we can
trade with we can go ahead and buy some
crypto so I'm going to go up to trade
and we'll just take a look around this
screen first so what we have in the top
left hand side of the screen here is our
market and what we select from the
left-hand side of the screen will then
populate the rest of the screen so for
example if I'd like to purchase with my
GBP you can see that I can purchase the
rights of Bitcoin cash aetherium euros
GBP litecoin USD tether Bitcoin or X
rpie Ripple if you want to get more
diverse coins you'll see here for
example if I choose EOS you'll see here
that I can trade with x bt so therefore
I'd need to start off with Bitcoin so I
can then trade for more diverse coins
now I'm going to poached in Bitcoin
today so I'm going to choose X BT 2 GBP
so now that we've selected Bitcoin and
GBP we can now see the lost price the
high the low the 24-hour volume and the
weighted average 2 then we have new
order which is where we're going to
focus in a moment but first I'd like to
take us down to the bottom of the screen
so in here you have new and open orders
you have any positions and then you have
the order book so this will give you an
idea of any buying or selling orders
that are currently in the market at the
moment
but let's go back to our buying and at
the moment you can see there's three
different tabs at the top here which is
simple intermediate and advanced
now with simple orders you can do buy or
sell orders and you can create different
types of orders which you either called
a market or a limit order and I'll take
you through both of those options - then
we'll take a really quick look at
intermediate
so on the screen here you can place a
market or a limit order exactly the same
as under the simple however you can also
customize things such as when the order
will be placed or when it'll expire
you can also set currency fees in here
as well and you can leverage or margin
trade - then there's advanced which
basically has the same things but it has
a lot more different types of advanced
auto types such as stop-loss take profit
and settle positions
then if you prefer more of a trading
screen with graphs and charts you can
switch across to crack and pro which is
similar to the likes of Queen based Pro
or the blockchain exchange so I'm going
to click on to crack and pro here
and you'll be automatically logged in
without the need to have new credentials
now this is quite a busy screen here but
I'm going to take you through some of
the basics now so first up we have our
markets so I'm going to click on just a
drop down beside BTC GBP and as you can
see you've got a whole host of different
markets in here now if there's ones that
you want to particularly watch you can
star these
now I'm going to have a look at BTC two
GBP again
so in here it shows you what the current
price is at the moment
and you'll see some graphs and charts
for buy and sell orders over specific
periods of time which you can then go
ahead and change and then you've got
your order books so in here at the top
here we have all our sell orders that
are currently on the market at the
moment in right and then at the bottom
here we have all our buy orders then we
have a trade history and on the far
right here we have our trading to buy or
sell
and you also have the different types of
orders such as market limit and then you
have the more advanced order types as
well and then at the bottom you have
your completed orders trades or
positions - and it's completely up to
you how you want to trade on what screen
you prefer and I'll be showing you both
today
however for buying I'm going to take us
back to this simple screen
so just clicking onto simple here we
need to make sure that we are on the buy
tab because you can always see select
from buy or sell and next you need to
enter in the amount of Bitcoin you'd
like to buy you need to put that amount
in Bitcoin
so I would like to purchase nought point
zero zero two six of Bitcoin
and I'm gonna pay seing a market order
so when we place a market order the
order will execute at the market price
which would be around that last price up
here
and the fees that you pay with Kraken
depend whether you're a maker or a taker
of the market but also in your 30-day
volume to as a market order we are
taking what the market is dictating so
we are take off the market and therefore
paying not 0.26 percent
so is posting that market order it's a
really easy way of trading especially
for beginners and the order will
immediately execute to so once you're
happy with that order you can click on
to buy xbt
with GBP it will then give you an
overview of your order and you can click
on to submit order
and you'll see a Bitcoin order under the
trade screen here what gives you an
overview of when it was executed it
tells you the order type the pair the
price and the volume as well as the cost
you can also see this within your active
balance so if we go to overview it will
then appear within your balances and you
can view these in two different ways so
first of all we have our list view so
that provides us with any assets that we
have the total amount that we have the
current price 24-hour change and the
total in our chosen currency or we can
change this to asset allocation view
where you can view this in a pie chart
format and if we scroll to the bottom of
the screen
it also shows you any trade balances
fees and a ledger in her too
now as I said earlier you'll then want
to transfer this across to a secured
wallet such as the likes of a hardware
wallet like a ledger nano or a tracer or
an online wallet like a blockchain
wallet or Exodus now I've got a
blockchain wallet and I'm going to be
withdrawing my crypto to that so if I go
back to my list view go to Bitcoin click
on the three dots to the far right and
go to withdraw
now wanting to mention here there is a
little bit of a pain is that to withdraw
you need to have a maximum of naught
point zero zero five Bitcoin which
equates to about thirty seven pounds or
about forty seven US dollars and to
withdraw it you'll need to click on to
add address
and in here you can put in a description
and then you need to enter in your
public Bitcoin address so I'm just gonna
head over to my block 10.com wallet
click onto request and copy my dress
I'm gonna head back over to Kraken
and then paste the address in
once you're happy with that you can
click on the save address
and if this is the first time it then
states that the withdrawal address needs
to be confirmed an email with approval
instructions has been sent to you so
we've just received an email asked me to
confirm my dress
and once I confirmed that I then needed
to refresh the screen I can now select
their address from the drop-down
put in the amount that I'd like to
withdraw and you'll also see the fee on
screen - and then you can click on to
review withdrawal it will confirm the
address that you're sending it to the
amount the fee and then their withdrawal
amount with the fee included and once
you're happy you can confirm that
withdrawal I notice in a click on to
view withdrawals
and at the very bottom of the screen it
will show your funding transactions and
in here you can check out the status
which I can see is currently initiated
and once I've completed it will appear
as a green tick
now say for example you've got some
Bitcoin in your wallet and you've held
that for a while but the price of
Bitcoin has gone up and you're not a fan
of holding Bitcoin for the long run
well maybe you'll want to sell and
withdraw your Bitcoin to your chosen
fiat currency now the way that I'll show
you now can work out a little expensive
and includes a minimum withdrawal of 100
pounds but I'll show you the process of
selling and withdrawing now although you
may find that other large crypto
exchanges will allow smaller withdrawal
amounts and lessen bank fees so if I
click on to trade
and if you wanted to sell you could do
so from this screen however for a change
this time I'm going to do this over on
Kraken pro
so now what we want to do is we want
exchange or trade our Bitcoin for your
chosen currency so first of all we need
to make sure that we're in the correct
market a - Bitcoin - GBP so we need to
make sure that I'm clicking onto that
and over on the right here if we make
sure we're on sell at this time we're
gonna be creating a limit order so with
a limit order you can define the price
that you'd like to sell your Bitcoin for
and you can just then wait for the
market to reach that price so at the
moment the current price is at around
seven thousand six hundred and forty
four pounds but you might want to sell
for more than that so first of all we'll
just say what quantity that we actually
want to sell
and I'm reselling no point zero zero two
seven of Bitcoin and now I can define
the price that I'd like to sell it are
so the current price at the moment is
seven thousand six hundred and forty
four pounds 70 but I might want to sell
this for more than that
and it then tells me my total which
includes the fee now this time around in
terms of fees we can be paying a lower
rate at naught point one six percent and
that's because we're not taking the
current market price we are essentially
making a new price by placing a price
above the current market value so we are
considered to be a maker of the market
and when you're happy you can review and
sell and it will then come up with a
confirmation stating the type the
quantity the price the expiry which is
good until it's cancelled which means
that I can cancel my order which I'll
show you in a moment so I'm going to go
ahead and confirm sell
then as you can see is now appearing
under my orders section here where it
will remain until it fills or I can
actually cancel this order so say for
example the market moves dramatically in
the wrong direction
I could always cancel and then place a
new order and as you can see my order is
also appearing on the order book just
here
and as you can see here there's now a
buy order for my amount so that's now
gone through so if I go back to crackin
and take a look at my overview here and
as you can see it's now pairing in my
pound sterling balance so now that
you've traded your Bitcoin in for your
chosen currency you can then withdraw
this back to your bank account so to
withdraw this amount of GBP you can
click on the three dots under your
overview or under your balance and go to
withdrawal just be aware though that
again there's minimum amounts of a
hundred pounds and fees of one hundred
ninety-five for backs and to withdraw to
your chosen bank account you simply
enter in your bank account
by filling in all the required details
such as a description that you can use
as an identifier for that bank account
their name when your account which must
match your Kraken account the bank name
address sort code and account number and
then you can save that bank information
then once you've entered in all of our
information you can withdraw that back
to your bank accounts
so that completes my beginners guide to
crackin and I hope you enjoyed this
video today and if you did then please
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and please do head over to my website
and every bit helps took Cody okay for
more tips reviews and step-by-step
guides thanks and I'll see you soon
you
