A Step-by-Step-Guide on how to buy Cosmo Coin (COSM)
Step 1 – Join Kraken In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Cosmo Coin (COSM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find Cosmo Coin (COSM) As soon as your deposit has been verified, you will immediately have access to your assets and you can launch invest and trading. To buy Cosmo Coin (COSM) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to locate Cosmo Coin (COSM), you will need to put the shortname of the coin (COSM) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we've marked this also. Click on “COSM/BTC” to progress.
Step 4 – Purchase Cosmo Coin (COSM) As soon as you've spotted Cosmo Coin (COSM), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the latest price Cosmo Coin (COSM) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of COSM you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete quantity of COSM. If you are glad, make a mouse click on “Buy COSM”. Your plan will be filled as soon as a Vender trades their COSM for the price you offered.
Step 5 – Withdraw Cosmo Coin (COSM) Unless you're trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time period. To withdraw your Cosmo Coin (COSM), hover over the ”Funds” tab and click on “Withdraw”. Cosmo Coin (COSM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cosmo Coin (COSM) by using the given drop-down box. Put into the quantity of Cosmo Coin (COSM) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.