How to Buy CoFiX (COFI)

A Step-by-Step-Guide on how to buy CoFiX (COFI)

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and to get Ethereum (ETH) or Bitcoin (BTC).

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

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. CoFiX (COFI) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide)

Make sure you've chosen the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate CoFiX (COFI)

Once your deposit has been verified, you will immediately have access to your finances and you can begin purchasing and trading. To invest in CoFiX (COFI) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to locate CoFiX (COFI), you'll need to put the shortname of the coin (COFI) into the search-box, which is marked in the graphic. Make sure you have choosen the correct grouping, we have marked this too. Click on “COFI/BTC” to go on.

Binance Hot To Buy CoFiX (COFI)
Binance How to Buy (COFI) CoFiX
Step 4 – Purchase CoFiX (COFI)

Once you have found CoFiX (COFI), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled with the most latest valuation CoFiX (COFI) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of COFI you wish to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the whole amount of COFI.

When you're glad, make a mouse click on “Buy COFI”. Your order will be filled as soon as a Vendor sells their COFI for the price you introduced.

Step 5 – Withdraw CoFiX (COFI)

Unless you're regularly trading, never keep your coins on an Crypto Trader for an extensive time frame. To withdraw your CoFiX (COFI), hover over the tab called “Funds” and click on “Withdraw”. CoFiX (COFI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate CoFiX (COFI) by using the provided drop-down box. Enter the volumen of CoFiX (COFI) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Binance Withdraw

Congratulations! You've successfully bought and stored CoFiX (COFI).

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). Once you have proved your take off with Ethplorer.io or Etherscan.io and the (COFI) CoFiX is stored inside your wallet, you are done.

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