A Step-by-Step-Guide on how to buy Cofinex (CNX)
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to purchase one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and to get your first 10$.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Cofinex (CNX) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Cofinex (CNX) As soon as your deposit has been verified, you will directly have access to your funds and you can initiate buying and trading. To buy Cofinex (CNX) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to locate Cofinex (CNX), you will need to insert the cointype (CNX) into the search-box, which is highlighted in the image. Make sure you have choosen the right grouping, we've highlighted this too. Click on “CNX/BTC” to progress.
Step 4 – Buying Cofinex (CNX) After you have found Cofinex (CNX), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest price Cofinex (CNX) was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of CNX you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of CNX. If you're glad, make a mouse click on “Buy CNX”. Your plan will be filled when a Vendor trades their CNX for the price you submitted.
Step 5 – Withdraw Cofinex (CNX) Unless you're frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time period. In order to take off your Cofinex (CNX), go to the tab called “Funds” and click on “Withdraw”. Cofinex (CNX) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Cofinex (CNX) by using the provided drop-down box. Enter the amount of Cofinex (CNX) you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification before a take off.