HOW-TO Buy Or Sell ICN On Kraken Exchange

A major part of ICONOMI’s mission is to bring fresh money into the decentralised economy and cryptoassets. Therefore not all our investors are tech-savvy or familiar with crypto specifics. Exchanges play an important role in any crypto/token/apptoken. That is why we will produce a series of guides on how to trade ICONOMI ICN apptoken on bigger exchanges.
Today we start with the first one. KRAKEN listed ICN on the first day — 25 October 2016.

Sending tokens from your ICONOMI ICO account

This guide assumes that you have a fully working (and verified) account at the KRAKEN exchange (https://www.kraken.com)

1. Login into the Kraken exchange.

2. Click on the Funding tab, and select Iconomi (ICN) from the menu on the left.

3. If this is your first ICN deposit, you have to create a new address for it. Click Generate New Address.

4. Address will appear. Select and copy it (or press the Select button on the right and copy it).

5. Log into into https://ico.iconomi.net and select Manage ICN Tokens from the menu.

6. Under New transaction paste the ICN deposit address you copied from the exchange into the ETH Address field. Continue by entering the amount of ICN that you wish to transfer. Finally, click the orange SEND ICN button.

7. To initiate a withdrawal, you must go through both security challenges — check your email and click on a link in it — and enter your 2FA security code (SMS). Once both are done, the transaction status will change from “Pending authorisation” to “Confirmed”, “Pending” or “Sending”. Wait until the transaction shows as “Completed”.

8. Switch back to your browser where you are logged into the Kraken exchange. It will take 30 confirmations (blocks) for Kraken to display your ICN tokens under your account. Continue when you see your ICN balance.

9. Click the Trading Pair selection button and select either ICN/Ethereum or ICN/Bitcoin pair (under ICN).

10. Click New Order

11. Select whether you want to BUY or SELL the pair. Always select a Limit order, as this will allow you to enter the price you want. In this example we will buy 50000 ICN at the exchange rate 0.0003 XBT (Bitcoin). To confirm the trade, click the big Buy ICN with XBT button.

12. The confirmation screen will appear. As before, check that this is indeed the transaction you want to make, and if yes, click Submit Order.

13. Your order will now become active. Once the exchange finds a match for it, it will execute.

14. To see a list of your orders, click Orders (or View Orders, if you have just completed an order). From the order list you can cancel your active orders (red X icon).

I suggest that you click on CHARTS but open it in new window/tab. This way, you can look at recent trades, spread and market depth for any trading pair.



Sending tokens from your Ethereum Wallet wallet

This guide assumes that you have a fully working (and verified) account at the KRAKEN exchange (https://www.kraken.com)

1. Login into the Kraken exchange.

2. Click on the Funding tab, and select Iconomi (ICN) from the menu on the left.

3. If this is your first ICN deposit, you have to create a new address for it. Click Generate New Address.

4. Address will appear. Select and copy it (or press the Select button on the right and copy it).

5. Switch from your browser, to your Ethereum Wallet (we will continue this guide assuming the use of Ethereum Wallet/Mist — but you can use any wallet that supports ICN apptokens).

6. Under your account, click Send (or the big Send icon)

7. Select ICONOMI apptokens first (see the yellow arrow), then paste the ICN deposit address you copied from the exchange; continue by entering the amount of ICN that you wish to transfer. Finally click the SEND button below this.

Please note that you must have some ETH in your account, as every outgoing transaction costs a certain amount of gas (payable in ETH). The typical transaction cost will be well below 0.1 ETH.

8. Enter your account password, and click SEND TRANSACTION.

9. Switch back to your browser where you are logged into the Kraken exchange. It will take 30 confirmations (blocks) for Kraken to display your ICN tokens under your account. Continue when you see your ICN balance.

10. Click the Trading Pair selection button and select either ICN/Ethereum or ICN/Bitcoin pair (under ICN).

11. Click New Order

12. Select whether you want to BUY or SELL the pair. Always select a Limit order, as this will allow you to enter the price you want. In this example we will buy 50000 ICN at the exchange rate 0.0003 XBT (Bitcoin). To confirm the trade, click the big Buy ICN with XBT button.

13. The confirmation screen will appear. As before, check that this is indeed the transaction you want to make, and if yes, click Submit Order.

14. Your order will now become active. Once the exchange finds a match for it, it will execute.

15. To see a list of your orders, click Orders (or View Orders, if you have just completed an order). From the order list you can cancel your active orders (red X icon).

I suggest that you click on CHARTS but open it in new window/tab. This way, you can look at recent trades, spread and market depth for any trading pair.