This guide will show you how to obtain Aelf, step by step with pictures. If you want look into your options for storing Aelf, look at out our guide on Aelf wallets.
Step 1: Aquire Bitcoin or Ethereum
There are several exchanges that you can buy Bitcoin and Ethereum on.
Aelf can only be purchased with Ethereum and Bitcoin, so in order to obtain it, we first must buy Bitcoin or Ethereum, and then send it to an another exchange where Aelf is sold. Aelf is pretty limited on the exchanges that it is sold on, so we are going to use Binance in this tutorial.
Bitcoin and Ethereum Exchanges
Coinbase is a very beginner friendly US based exchange, that sells cryptocurrency to most countries and all US states. Expect a 1.49% fee on bank transfer purchases, and a 3.99% fee for credit and debit purchases.
Coinmama is another option that focuses on credit and debit card purchases. Coinmama is great because they have higher debit and credit card purchasing limits than Coinbase, as well as instant delivery. Coinmama’s fees are around 5.5%.
LocalBitcoins is a person to person exchange, meaning that anyone can use it. There are no limits, or verification needed. It uses escrow to make sure that both parties recieve payment.
Gemini is another US based exchange, that allows its users to buy Bitcoin and Ethereum via bank transfers, credit cards, and debit cards.
Bitpanda is an exchange that also focuses on credit and debit card purchases. Their fees are between 3%-4%, and only sells Bitcoin and Ethereum to European countries.
Step 2: Sending your Bitcoin or Ethereum
|Binance||Everywhere||.05% (Very Low)|
After you have your Bitcoin/Ethereum, you will need to send it to a cryptocurrency exchange where Aelf is sold. For Aelf Binance is the best as they are the easiest to use and have really low fees.
Before we can send our currency to Binance, we will need find that exchanges deposit address.
Finding your Binance Deposit Address
We can find our Binance deposit address by going to the nav bar, going over Funds and clicking Deposit Withdrawals. This page has the deposit addresses for every coin on Binance.
Find your Bitcoin or Ethereum deposit address, depending on what currency you purchased, and copy the address.
Now that we have our deposit address, we will need to send it from Coinbase or whatever exchange your Bitcoin/Ethereum was purchased on.
Go to the send tab as seen below, and enter your depost address into the recipient box. Click confirm and wait for your currency to arrive to Binance!
Sending from Coinbase
Expect your Bitcoin to arrive to the exchange in around 20 minutes. Ethereum should arrive to your exchange in around 10 minutes.
If either of these take longer, do not be alarmed, depending on the amount of transactions on the network, it will take more or less time.
Buy some Aelf!
After your Bitcoin or Ethereum arrives, you now have a balance to buy Aelf with. Go to the cooresponding page depending on what currency you purchased:
To enter an order on Binance, you will want to use the brown box area. In this box, you will want to enter the price per Aelf in Bitcoin. To find out a fair price, look at the red box.
This red box is the order book, and shows the most current bids and asks for the coin. In this example, .00008396 BTC would be the highest price someone wants to buy Aelf for, and .00008406 BTC would be the lowest price someone wants to sell Aelf for.
To buy Aelf quickly, you can set your order to the highest bid, or the current ask.
If the order book is too confusing for you, just click the market tab and click 100%. This will purchase the maximum amount of Aelf that your balance allows, at the going rate.
Step 3: How to Store your Aelf, Securely!
Aelf is an ERC-20 token, which means that it runs on Ethereum’s blockchain. ERC-20 tokens can be stored in several wallets, including the Ledger Nano S, the Trezor, myEtherWallet, Eidoo, and many more!
For setup guides on all of these wallets, please view our page on Aelf wallets!
How to Buy Aelf with Credit and Debit Card
The best method of buying Aelf with credit and debit cards is by buying Bitcoin or Ethereum on an exchange such as Coinbase and then converting the purchased crypto into Aelf on an exchange such as Binance.
How to Buy Aelf with Bank Transfer
Just like credit and debit cards, the easiest method of obtaining Aelf with a bank transfer or wire is by buying Bitcoin or Ethereum on a fiat to crypto exchange such as Coinbase, and converting the purchased cryptocurrency into Aelf, on an exchange such as Binance.
How to Buy Aelf with PayPal
Due to Paypal’s chargeback feature, buying Aelf with Paypal takes a few extra steps.
How to Buy Aelf with Skrill
Bitpanda is a European exchange that allows Bitcoin and Ethereum to be purchased with Skrill. After purchasing one of those currencies, follow the above guide!