How to Buy Coil (COIL)

A Step-by-Step-Guide on how to buy Coil (COIL)

Step 1 – Signup to Kraken

You will first need to buy units of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and getting Bitcoin (BTC) or Ethereum (ETH).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Coil (COIL) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you've chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find Coil (COIL)

As soon as your deposit has been approved, you'll instantly have access to your assets and you can commence purchasing and trading. To purchase Coil (COIL) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

To discover Coil (COIL), you'll need to insert the shortname of the coin (COIL) into the search-box, which is highlighted in the image. Make sure you have selected the correct grouping, we've highlighted this too. Click on “COIL/BTC” to proceed.

Binance Hot To Buy Coil (COIL)
Binance How to Buy (COIL) Coil
Step 4 – Purchase Coil (COIL)

Once you have discovered Coil (COIL), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are going to create our Limit Order.

The ”Price” field will be filled automatically with the recent price Coil (COIL) was traded for. You can change this to your desired rate. The ”Amount” field is the volumen of COIL you like to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the complete volumen of COIL.

When you are satisfied, make a mouse click on “Buy COIL”. Your order will be filled as soon as a Seller trades their COIL for the price you offered.

Step 5 – Withdraw Coil (COIL)

Unless you're trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time period. In order to take off your Coil (COIL), hover over the tab called “Funds” and mouse click on “Withdraw”. Coil (COIL) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Coil (COIL) by using the provided drop-down box. Put into the quantity of Coil (COIL) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you're satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Binance Withdraw

Congrats! You have successfully purchased and safed Coil (COIL).

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (COIL) Coil is stored inside your wallet, you are done.

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