A Step-by-Step-Guide on how to buy Komodo (KMD)
Step 1 – Signup to CEX.io You will first need to purchase units of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Komodo (KMD) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you have chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Komodo (KMD) Once your deposit has been affirmed, you'll now have access to your funds and you can initiate invest and trading. To purchase Komodo (KMD) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to discover Komodo (KMD), you will need to put the cointype (KMD) into the search box, which is marked in the graphic. Make sure you have selected the right grouping, we've highlighted this too. Click on “KMD/BTC” to continue.
Step 4 – Buy Komodo (KMD) After you have located Komodo (KMD), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price Komodo (KMD) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of KMD you wish to buy. The ”Total” field is the whole price in BTC that you will settle for the complete quantity of KMD. If you're happy, click on “Buy KMD”. Your order will be filled when a Seller sells their KMD for the price you offered.
Step 5 – Withdraw Komodo (KMD) Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your Komodo (KMD), hover over the tab called “Funds” and click on “Withdraw”. Komodo (KMD) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Komodo (KMD) by using the provided drop-down box. Enter the volumen of Komodo (KMD) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. When you are happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.