A Step-by-Step-Guide on how to buy CoffeeCoin (COF)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and getting your first $10.
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. CoffeeCoin (COF) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate (COF) CoffeeCoin Once your deposit has been verified, you'll now have access to your assets and you can start buying and trading. To invest in (COF) CoffeeCoin on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. In order to find (COF) CoffeeCoin, you'll need to insert the cointype (COF) into the search box, which is marked in the picture. Make sure you have selected the correct pairing, we have marked this too. Click on “COF/BTC” to proceed.
Step 4 – Purchase CoffeeCoin (COF) As soon as you have spotted CoffeeCoin (COF), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date rate CoffeeCoin (COF) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of COF you want to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of COF. When you're glad, click on “Buy COF”. Your order will be filled when a Seller sells their COF for the price you introduced.
Step 5 – Withdraw (COF) CoffeeCoin Unless you are frequently trading, best advise is not to keep coins on an Crypto Exchange for an extensive period of time. In order to withdraw your (COF) CoffeeCoin, go to the ”Funds” tab and mouse click on “Withdraw”. (COF) CoffeeCoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (COF) CoffeeCoin by using the provided drop-down box. Enter the quantity of (COF) CoffeeCoin you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you are satisfied, click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.