How to Buy Cloakcoin (CLOAK)

A Step-by-Step-Guide on how to buy Cloakcoin (CLOAK)

Step 1 – Join CEX.io

In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and receive Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Cloakcoin (CLOAK) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have chosen the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate (CLOAK) Cloakcoin

As soon as your deposit has been affirmed, you'll directly have access to your funds and you can commence purchasing and trading. To buy (CLOAK) Cloakcoin on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To find (CLOAK) Cloakcoin, you'll need to put the shortname of the coin (CLOAK) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we have highlighted this too. Click on “CLOAK/BTC” to go ahead.

Binance Hot To Buy Cloakcoin (CLOAK)
Binance How to Buy (CLOAK) Cloakcoin
Step 4 – Acquisition of Cloakcoin (CLOAK)

As soon as you have located Cloakcoin (CLOAK), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to create our Limit Order.

The ”Price” field will be filled with the most recent tariff Cloakcoin (CLOAK) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of CLOAK you wish to buy. The ”Total” field is the aggregated price in BTC that you will settle for the complete volumen of CLOAK.

If you are glad, make a mouse click on “Buy CLOAK”. Your plan will be filled as soon as a Seller sells their CLOAK for the price you gave.

Step 5 – Withdraw Cloakcoin (CLOAK)

Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extended time frame. To take off your Cloakcoin (CLOAK), hover over the ”Funds” tab and mouse click on “Withdraw”. Cloakcoin (CLOAK) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Cloakcoin (CLOAK) by using the provided drop-down box. Enter the amount of Cloakcoin (CLOAK) you'd like to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

When you're satisfied, click “Submit”. You may be asked for verfication via email/phone before a take off.

Binance Withdraw

Congrats! You've successfully purchased and stored Cloakcoin (CLOAK).

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Cloakcoin (CLOAK) is safe inside your wallet, you're finished.