A Step-by-Step-Guide on how to buy CoffeeCoin (COF)
Step 1 – Signup to CEX.io You'll first need to purchase one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. CoffeeCoin (COF) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find CoffeeCoin (COF) As soon as your deposit has been affirmed, you will directly have access to your finances and you can launch purchasing and trading. To buy CoffeeCoin (COF) on Binance, you will want to go to the ”Exchange” tab and click on “Basic”. To spot CoffeeCoin (COF), you will need to insert the short name of the asset (COF) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've highlighted this also. Click on “COF/BTC” to progress.
Step 4 – Buy CoffeeCoin (COF) After you have found CoffeeCoin (COF), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we are creating our Limit Order. The ”Price” field will be filled automatically with the latest valuation CoffeeCoin (COF) was sold for. This can be changed to your favoured rate. The ”Amount” field is the volumen of COF you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole volumen of COF. If you're happy, click on “Buy COF”. Your plan will be filled as soon as a Seller trades their COF for the price you gave.
Step 5 – Withdraw CoffeeCoin (COF) Unless you are regularly trading, you should never keepyour crypto on an Exchange for an extensive time frame. In order to withdraw your CoffeeCoin (COF), hover over the ”Funds” tab and mouse click on “Withdraw”. CoffeeCoin (COF) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find CoffeeCoin (COF) by using the given drop-down box. Put into the volumen of CoffeeCoin (COF) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.