A Step-by-Step-Guide on how to buy Coin (COIN)
Step 1 – Join CEX.io You will first need to buy one of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Coin (COIN) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate Coin (COIN) Once your deposit has been affirmed, you will now have access to your assets and you can start invest and trading. To buy Coin (COIN) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. To discover Coin (COIN), you will need to insert the short name of the asset (COIN) into the search box, which is highlighted in the image. Make sure you have selected the correct pairing, we've highlighted this also. Click on “COIN/BTC” to proceed.
Step 4 – Buying Coin (COIN) As soon as you've spotted Coin (COIN), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our Limit Order. The field with the “Price” tag will be filled with the recent valuation Coin (COIN) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of COIN you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole volumen of COIN. When you're glad, click on “Buy COIN”. Your plan will be filled when a Vender sells their COIN for the price you introduced.
Step 5 – Withdraw Coin (COIN) Unless you're regularly trading, best advise is not to keep your crypto coins on an Exchange for an extended time frame. To take off your Coin (COIN), go to the tab called “Funds” and click on “Withdraw”. Coin (COIN) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Coin (COIN) by using the given drop-down box. Put into the quantity of Coin (COIN) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, click “Submit”. You may be requested for phone/email verification ahead of a take off.