A Step-by-Step-Guide on how to buy Coin (COIN)
Step 1 – Join Kraken In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Coin (COIN) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find Coin (COIN) As soon as your deposit has been confirmed, you will immediately have access to your funds and you can initiate buying and trading. To invest in Coin (COIN) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to find Coin (COIN), you will need to insert the cointype (COIN) into the search-box, which is highlighted in the image. Make sure you have choosen the right pairing, we've highlighted this too. Click on “COIN/BTC” to continue.
Step 4 – Buy Coin (COIN) As soon as you've located Coin (COIN), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest rate Coin (COIN) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of COIN you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete volumen of COIN. If you're happy, click on “Buy COIN”. Your order will be filled when a Vender trades their COIN for the price you gave.
Step 5 – Withdraw Coin (COIN) Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your Coin (COIN), hover over the ”Funds” tab and click on “Withdraw”. Coin (COIN) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Coin (COIN) by using the provided drop-down box. Enter the volumen of Coin (COIN) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, click “Submit”. You may be requested for phone/email verification ahead of a take off.