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 Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Coin (COIN) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Coin (COIN) Once your deposit has been affirmed, you'll now have access to your finances and you can commence buying and trading. To buy Coin (COIN) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Coin (COIN), you'll need to insert the short name of the asset (COIN) into the search box, which is highlighted in the image. Make sure you have selected the proper grouping, we've highlighted this too. Click on “COIN/BTC” to advance.
Step 4 – Purchase Coin (COIN) After you've spotted Coin (COIN), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we are making our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date tariff Coin (COIN) was sold for. You can change this to your favoured price. The ”Amount” field is the volumen of COIN you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole amount of COIN. If you are glad, make a mouse click on “Buy COIN”. Your plan will be filled as soon as a Seller trades their COIN for the price you gave.
Step 5 – Withdraw Coin (COIN) Unless you're regularly trading, never keep your coins on an Cryptocurrency Exchange for an extensive period of time. To take off your Coin (COIN), go to the tab called “Funds” and mouse click on “Withdraw”. Coin (COIN) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Coin (COIN) by using the provided drop-down box. Drop in the volumen of Coin (COIN) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, click “Submit”. You may be requested for phone/email verification before a take off.