A Step-by-Step-Guide on how to buy Cloakcoin (CLOAK)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and receive your Bitcoin or Ethereum.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Cloakcoin (CLOAK) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find (CLOAK) Cloakcoin Once your deposit has been verified, you'll instantly have access to your finances and you can start buying and trading. To purchase (CLOAK) Cloakcoin on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to find (CLOAK) Cloakcoin, you'll need to insert the shortname of the coin (CLOAK) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “CLOAK/BTC” to go on.
Step 4 – Purchasing Cloakcoin (CLOAK) As soon as you've found Cloakcoin (CLOAK), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order. The ”Price” field will be filled automatically with the up-to-date rate Cloakcoin (CLOAK) was traded for. You can change this to your favoured rate. The ”Amount” field is the quantity of CLOAK you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole quantity of CLOAK. When you are satisfied, click on “Buy CLOAK”. Your order will be filled as soon as a Vender sells their CLOAK for the price you gave.
Step 5 – Withdraw Cloakcoin (CLOAK) Unless you are regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time frame. To take off your Cloakcoin (CLOAK), go to the ”Funds” tab and click on “Withdraw”. Cloakcoin (CLOAK) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cloakcoin (CLOAK) by using the given drop-down box. Drop in the amount of Cloakcoin (CLOAK) you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, click “Submit”. You may be requested for verfication via phone/email ahead of a take off.