A Step-by-Step-Guide on how to buy Cobinhood (COB)
Step 1 – Signup to Kraken You will first need to buy one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and getting Ethereum or Bitcoin.
Step 2 – Transfer Your Funds to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Cobinhood (COB) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find Cobinhood (COB) Once your deposit has been verified, you will immediately have access to your assets and you can start purchasing and trading. To invest in Cobinhood (COB) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. To locate Cobinhood (COB), you will need to put the short name of the asset (COB) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “COB/BTC” to go on.
Step 4 – Buying Cobinhood (COB) After you've found Cobinhood (COB), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent price Cobinhood (COB) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of COB you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole quantity of COB. When you're satisfied, make a mouse click on “Buy COB”. Your plan will be filled when a Seller trades their COB for the price you introduced.
Step 5 – Withdraw Cobinhood (COB) Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extended period of time. To withdraw your Cobinhood (COB), hover over the tab called “Funds” and mouse click on “Withdraw”. Cobinhood (COB) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cobinhood (COB) by using the given drop-down box. Drop in the quantity of Cobinhood (COB) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.