How to buy, sell and trade ANKR coin? Detailed tutorial

To initiate a purchase of ANKR tokens, navigate to the "Buy" section of a crypto exchange's trading platform, specify the desired quantity, and select a "Market" or "Limit" order based on your preferred execution method.

Oct 04, 2024 at 04:47 am

How to Buy, Sell, and Trade ANKR Coin: A Detailed Tutorial

1. Create a Crypto Exchange Account

• Choose a reputable crypto exchange platform that supports ANKR trading, such as Binance, Coinbase, or Kraken.
• Sign up for an account and complete the verification process.

2. Fund Your Exchange Account

• Link your bank account or debit/credit card to your exchange account.
• Deposit funds into your account that you wish to use for ANKR trading.

3. Find the ANKR/USDT Trading Pair

• Go to the "Trade" or "Markets" section of your exchange.
• Search for the ANKR/USDT trading pair.

4. Buy ANKR

• Select the "Buy" order type.
• Enter the number of ANKR tokens you wish to purchase.
• Choose a "Market" order to buy ANKR at the current market price or a "Limit" order to specify a specific price at which you want to buy.
• Click "Buy ANKR" to execute the order.

5. Sell ANKR

• Select the "Sell" order type.
• Enter the number of ANKR tokens you wish to sell.
• Choose a "Market" order to sell ANKR at the current market price or a "Limit" order to specify a specific price at which you want to sell.
• Click "Sell ANKR" to execute the order.

6. Store Your ANKR

• Once you have purchased ANKR, you need to store it securely.
• You can store ANKR in your exchange account, but it is recommended to move it to a hardware wallet or software wallet for added security.

7. Trade ANKR

• Some exchanges allow you to trade ANKR against other cryptocurrencies, such as BTC, ETH, or BNB.
• Similar to buying and selling, select the appropriate trading pair, enter the amount you wish to trade, and execute the order.

Tips:

• Research the market and monitor ANKR's price performance before making any trading decisions.
• Set stop-loss orders to protect your profits or limit losses.
• Keep your exchange account secure with strong passwords and two-factor authentication.
• Consider storing ANKR offline in a hardware wallet for long-term holding.