A Step-by-Step-Guide on how to buy FoodCoin (FOOD)
Step 1 – Join CEX.io You'll first need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and to get your Bitcoin or Ethereum.
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. FoodCoin (FOOD) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate FoodCoin (FOOD) As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can initiate buying and trading. To buy FoodCoin (FOOD) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot FoodCoin (FOOD), you will need to put the cointype (FOOD) into the search-box, which is highlighted in the picture. Be certain of having selected the proper pairing, we've highlighted this too. Click on “FOOD/BTC” to advance.
Step 4 – Buy FoodCoin (FOOD) As soon as you have spotted FoodCoin (FOOD), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are creating our own Limit Order. The ”Price” field will be automatically filled with the most recent tariff FoodCoin (FOOD) was sold for. This can be changed to your preferred rate. The ”Amount” field is the volumen of FOOD you like to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the whole volumen of FOOD. When you are satisfied, click on “Buy FOOD”. Your plan will be filled when a Vender trades their FOOD for the price you submitted.
Step 5 – Withdraw FoodCoin (FOOD) Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an extensive time period. In order to withdraw your FoodCoin (FOOD), go to the ”Funds” tab and click on “Withdraw”. FoodCoin (FOOD) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find FoodCoin (FOOD) by using the provided drop-down box. Drop in the volumen of FoodCoin (FOOD) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You may be asked for phone/email verification ahead of a withdrawal.