A Step-by-Step-Guide on how to buy CoinFi (COFI)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. CoinFi (COFI) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate CoinFi (COFI) Once your deposit has been affirmed, you'll directly have access to your funds and you can initiate buying and trading. To invest in CoinFi (COFI) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To locate CoinFi (COFI), you'll need to put the short name of the asset (COFI) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we've marked this also. Click on “COFI/BTC” to go on.
Step 4 – Purchase CoinFi (COFI) Once you've located CoinFi (COFI), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the latest rate CoinFi (COFI) was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of COFI you want to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete quantity of COFI. If you are satisfied, click on “Buy COFI”. Your order will be filled when a Vendor sells their COFI for the price you introduced.
Step 5 – Withdraw CoinFi (COFI) Unless you're trading, you should never keepyour coins on an Crypto Trader for an extended time frame. In order to withdraw your CoinFi (COFI), hover over the tab called “Funds” and click on “Withdraw”. CoinFi (COFI) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find CoinFi (COFI) by using the provided drop-down box. Enter the volumen of CoinFi (COFI) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, click on “Submit”. You could be requested for email/phone verification before a withdrawal.