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 Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Coin (COIN) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find Coin (COIN) Once your deposit has been approved, you'll immediately have access to your assets and you can initiate buying and trading. To invest in Coin (COIN) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. To find Coin (COIN), you will need to put the shortname of the coin (COIN) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “COIN/BTC” to advance.
Step 4 – Buying Coin (COIN) As soon as you have located Coin (COIN), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order. The ”Price” field will be filled with the most recent valuation Coin (COIN) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of COIN you wish to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the whole quantity of COIN. When you're satisfied, make a mouse click on “Buy COIN”. Your order will be filled when a Vender sells their COIN for the price you submitted.
Step 5 – Withdraw Coin (COIN) Unless you're regularly trading, you should never keepyour crypto coins on an Exchange for an extensive time frame. To take off your Coin (COIN), go to the tab called “Funds” and mouse click on “Withdraw”. Coin (COIN) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Coin (COIN) by using the provided drop-down box. Enter the volumen of Coin (COIN) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, click on “Submit”. You could be requested for phone/email verification ahead of a take off.