A Step-by-Step-Guide on how to buy CoFiX (COFI)
Step 1 – Join CEX.io You'll first need to buy units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. CoFiX (COFI) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find CoFiX (COFI) Once your deposit has been confirmed, you'll now have access to your finances and you can commence purchasing and trading. To buy CoFiX (COFI) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find CoFiX (COFI), you'll need to put the cointype (COFI) into the search-box, which is highlighted in the picture. Be certain of having selected the proper pairing, we've highlighted this too. Click on “COFI/BTC” to go ahead.
Step 4 – Purchase CoFiX (COFI) Once you've located CoFiX (COFI), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate CoFiX (COFI) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of COFI you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of COFI. If you are satisfied, make a mouse click on “Buy COFI”. Your plan will be filled as soon as a Seller sells their COFI for the price you offered.
Step 5 – Withdraw CoFiX (COFI) Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your CoFiX (COFI), go to the ”Funds” tab and mouse click on “Withdraw”. CoFiX (COFI) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate CoFiX (COFI) by using the given drop-down box. Enter the amount of CoFiX (COFI) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are happy, click “Submit”. You may be asked for phone/email verification before a withdrawal.