A Step-by-Step-Guide on how to buy Cloakcoin (CLOAK)
Step 1 – Signup to Kraken You will first need to buy units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Cloakcoin (CLOAK) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Cloakcoin (CLOAK) Once your deposit has been verified, you'll now have access to your funds and you can initiate invest and trading. To invest in Cloakcoin (CLOAK) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to find Cloakcoin (CLOAK), you'll need to put the shortname of the coin (CLOAK) into the search-box, which is marked in the picture. Be certain of having choosen the correct pairing, we have marked this also. Click on “CLOAK/BTC” to continue.
Step 4 – Purchase Cloakcoin (CLOAK) After you have spotted Cloakcoin (CLOAK), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date valuation Cloakcoin (CLOAK) was sold for. This can be changed to your favoured price. The ”Amount” field is the quantity of CLOAK you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete quantity of CLOAK. If you are glad, make a mouse click on “Buy CLOAK”. Your plan will be filled as soon as a Vender trades their CLOAK for the price you gave.
Step 5 – Withdraw Cloakcoin (CLOAK) Unless you're frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time period. To take off your Cloakcoin (CLOAK), go to the ”Funds” tab and mouse click on “Withdraw”. Cloakcoin (CLOAK) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Cloakcoin (CLOAK) by using the given drop-down box. Put into the volumen of Cloakcoin (CLOAK) you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you're glad, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.