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 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. FoodCoin (FOOD) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate FoodCoin (FOOD) As soon as your deposit has been verified, you will instantly have access to your assets and you can commence invest and trading. To buy FoodCoin (FOOD) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To find FoodCoin (FOOD), you will need to insert the short name of the asset (FOOD) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we have highlighted this too. Click on “FOOD/BTC” to advance.
Step 4 – Buying FoodCoin (FOOD) As soon as you have located FoodCoin (FOOD), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the recent tariff FoodCoin (FOOD) was traded for. This can be changed to your preferred price. The ”Amount” field is the quantity of FOOD you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete quantity of FOOD. If you are happy, click on “Buy FOOD”. Your order will be filled as soon as a Seller trades their FOOD for the price you submitted.
Step 5 – Withdraw FoodCoin (FOOD) Unless you are frequently trading, best advise is not to keep crypto on an Crypto Trader for an longer period of time. To withdraw your FoodCoin (FOOD), hover over the ”Funds” tab and click on “Withdraw”. FoodCoin (FOOD) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find FoodCoin (FOOD) by using the provided drop-down box. Put into the amount of FoodCoin (FOOD) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.