A Step-by-Step-Guide on how to buy Komodo (KMD)
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase units of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and receive your welcome 10$.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Komodo (KMD) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate (KMD) Komodo As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can commence purchasing and trading. To purchase (KMD) Komodo on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to discover (KMD) Komodo, you'll need to put the cointype (KMD) into the search box, which is highlighted in the picture. Be certain of having selected the correct grouping, we've highlighted this also. Click on “KMD/BTC” to go on.
Step 4 – Acquisition of Komodo (KMD) Once you have discovered Komodo (KMD), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the recent tariff Komodo (KMD) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of KMD you wish to purchase. The ”Total” field is the total price in BTC that you will settle for the complete volumen of KMD. If you are happy, click on “Buy KMD”. Your plan will be filled as soon as a Vender trades their KMD for the price you offered.
Step 5 – Withdraw Komodo (KMD) Unless you're regularly trading, best advise is not to keep your crypto on an Exchange for an extended time period. To withdraw your Komodo (KMD), go to the ”Funds” tab and mouse click on “Withdraw”. Komodo (KMD) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Komodo (KMD) by using the provided drop-down box. Put into the amount of Komodo (KMD) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're happy, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.