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 Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. CoFiX (COFI) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you've chosen the correct coin you want 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, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find CoFiX (COFI) Once your deposit has been approved, you will instantly have access to your assets and you can begin buying and trading. To purchase CoFiX (COFI) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. To find CoFiX (COFI), you will need to insert the short name of the asset (COFI) into the search-box, which is highlighted in the picture. Make sure you have selected the right pairing, we've highlighted this also. Click on “COFI/BTC” to progress.
Step 4 – Acquisition of CoFiX (COFI) Once you have located CoFiX (COFI), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we are going to make our own Limit Order. The ”Price” field will be filled with the up-to-date price CoFiX (COFI) was sold for. This can be changed to your preferred rate. The ”Amount” field is the volumen of COFI you like to purchase. The ”Total” field is the total price in BTC that you will settle for the complete volumen of COFI. If you are glad, click on “Buy COFI”. Your plan will be filled as soon as a Seller trades their COFI for the price you introduced.
Step 5 – Withdraw CoFiX (COFI) Unless you're frequently trading, best advise is not to keep your coins on an Exchange for an extensive time period. To withdraw your CoFiX (COFI), go to the ”Funds” tab and mouse click on “Withdraw”. CoFiX (COFI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate CoFiX (COFI) by using the provided drop-down box. Drop in the amount of CoFiX (COFI) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.