A Step-by-Step-Guide on how to buy OctoFi (OCTO)
Step 1 – Signup to CEX.io You will first need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and receive your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. OctoFi (OCTO) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate OctoFi (OCTO) Once your deposit has been approved, you'll immediately have access to your assets and you can initiate invest and trading. To buy OctoFi (OCTO) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to discover OctoFi (OCTO), you will need to insert the shortname of the coin (OCTO) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we have highlighted this also. Click on “OCTO/BTC” to go ahead.
Step 4 – Purchase OctoFi (OCTO) After you have spotted OctoFi (OCTO), 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 create our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff OctoFi (OCTO) was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of OCTO you wish to buy. The ”Total” field is the whole price in BTC that you'll pay for the complete amount of OCTO. If you are satisfied, click on “Buy OCTO”. Your order will be filled when a Vender sells their OCTO for the price you submitted.
Step 5 – Withdraw OctoFi (OCTO) Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an extensive period of time. To take off your OctoFi (OCTO), go to the ”Funds” tab and mouse click on “Withdraw”. OctoFi (OCTO) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate OctoFi (OCTO) by using the given drop-down box. Drop in the quantity of OctoFi (OCTO) you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, click on “Submit”. You may be requested for verfication via email/phone before a take off.