A Step-by-Step-Guide on how to buy Coin (COIN)
Step 1 – Signup to CEX.io You will first need to buy one of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Coin (COIN) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find Coin (COIN) Once your deposit has been verified, you will directly have access to your funds and you can commence purchasing and trading. To invest in Coin (COIN) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to locate Coin (COIN), you will need to insert the cointype (COIN) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we have marked this too. Click on “COIN/BTC” to continue.
Step 4 – Buy Coin (COIN) After you've discovered Coin (COIN), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left 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 tariff Coin (COIN) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of COIN you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole quantity of COIN. When you are satisfied, click on “Buy COIN”. Your order will be filled as soon as a Vender sells their COIN for the price you introduced.
Step 5 – Withdraw Coin (COIN) Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extensive time period. In order to withdraw your Coin (COIN), go to the tab called “Funds” and click on “Withdraw”. Coin (COIN) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Coin (COIN) by using the given drop-down box. Enter the quantity of Coin (COIN) you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.