A Step-by-Step-Guide on how to buy Covalent (COVA)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your Ethereum or Bitcoin.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Covalent (COVA) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) 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, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find Covalent (COVA) Once your deposit has been verified, you'll directly have access to your finances and you can start purchasing and trading. To buy Covalent (COVA) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate Covalent (COVA), you'll need to insert the cointype (COVA) into the search box, which is highlighted in the image. Make sure you have selected the proper pairing, we've highlighted this too. Click on “COVA/BTC” to continue.
Step 4 – Buy (COVA) Covalent After you've discovered (COVA) Covalent, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date valuation (COVA) Covalent was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of COVA you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole volumen of COVA. When you're satisfied, click on “Buy COVA”. Your plan will be filled when a Seller sells their COVA for the price you offered.
Step 5 – Withdraw (COVA) Covalent Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer period of time. In order to take off your (COVA) Covalent, hover over the ”Funds” tab and mouse click on “Withdraw”. (COVA) Covalent can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (COVA) Covalent by using the provided drop-down box. Drop in the volumen of (COVA) Covalent you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. When you are happy, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.