Buy BTCL Coin/Token on UbiTok.io

In this tutorial, we’re going to deposit Ether into UbiTok.io and use it to buy OMG tokens. This version of the tutorial assumes you have a wallet on MyEtherWallet.com you want to use.

https://ubitok.io/exchange/?pairId=BTCL-ETH

Choosing MyEtherWallet

First, make sure you’ve unlocked your MyEtherWallet wallet on the MyEtherWallet Send Ether & Tokens page and know which address you will use with UbiTok.io.

The address will need enough Ether for your deposit, plus a little extra (say 0.05 ETH) to cover gas fees.

Go to the UbiTok.io pair you want to buy — in our case BTCL-ETH — and when asked “How should UbiTok.io send Ethereum transactions?”, choose “Tell me what to send via MyEtherWallet” and copy-and-paste your MyEtherWallet Account Address.

Buying BTCL Token on UbiTok.io

Depositing Ether

Now UbiTok.io knows to use your MyEtherWallet account, you should see your Ethereum address balance appear as an “External” ETH balance in UbiTok.io.

In order to use your Ether to buy tokens, you’ll need to deposit it into the UbiTok.io book contract. Note that each pair is a separate contract.

Use the “[+ Dep]” button next to your ETH balance to bring up the Deposit ETH form.

When you click the “Deposit Eth” button, UbiTok.io will not send anything — instead it will tell you what to send.

You’ll need to copy-and-paste the details (address, amount, gas and data) into MyEtherWallet, then generate and send the transaction in MyEtherWallet.

Make sure to include the “Data” — you might need to click “+ Advanced: Add Data” in MyEtherWallet.

Tips:

  • Make sure you leave some Ether in your account since you’ll need it to pay gas fees;
  • You can check the progress of your transaction using the “Transaction History” in MyEtherWallet;
  • MyEtherWallet might show a error while you’re filling in the form — this will go away once the gas and data are complete.

After the transaction has completed, you should see your “Exchange” ETH balance on UbiTok.io increase (and your “External” balance decrease).

Buying Tokens

Now we have an “Exchange” ETH balance, we’re going to use it to buy 5000 BTCL tokens, taking the price of 0.00065 we can see offered in the “Ask” side of the book.

We’ll make sure ‘Buy BTCL’ is selected, enter the number of tokens we want to buy in the amount box, fill in the price box by clicking the price we want, then choose the default terms of “Good Till Cancel (no gas topup)”.

“Good Till Cancel” means that even if the offer we saw disappears, our order to buy will still stand — it will be added to the book and (hopefully) filled by someone else. If we don’t want that, we could choose “Immediate or Cancel”. Full details of terms and order statuses are covered in UbiTok’s Trading Rules.

When you click ‘Place Buy Order’, UbiTok.io will will not send anything — instead it will tell you what to send.

You’ll need to copy-and-paste the details (address, amount, gas and data) into MyEtherWallet, then generate and send the transaction in MyEtherWallet.

Finally, you should have 5000 BTCL in your “Exchange” BTCL balance. Click “[- Wtd]” button to withdraw to your MyEtherWallet account.

Congratulations — you’re an unstoppable trader now!

If you don’t want to use MyEtherWallet, UbiTok have another version for MetaMask users. It is for OMG token but you can use it for BTCL as well.

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