A Step-by-Step-Guide on how to buy Covesting (COV)
Step 1 – Signup to Kraken You'll first need to purchase units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Covesting (COV) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Covesting (COV) As soon as your deposit has been verified, you'll immediately have access to your assets and you can initiate invest and trading. To invest in Covesting (COV) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Covesting (COV), you will need to put the cointype (COV) into the search-box, which is highlighted in the image. Make sure you have selected the correct pairing, we have highlighted this too. Click on “COV/BTC” to go on.
Step 4 – Buy Covesting (COV) As soon as you have spotted Covesting (COV), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent rate Covesting (COV) was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of COV you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete amount of COV. When you're satisfied, click on “Buy COV”. Your order will be filled as soon as a Vendor sells their COV for the price you gave.
Step 5 – Withdraw Covesting (COV) Unless you are regularly trading, never keep your crypto coins on an Exchange for an extensive time period. In order to withdraw your Covesting (COV), go to the ”Funds” tab and click on “Withdraw”. Covesting (COV) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Covesting (COV) by using the provided drop-down box. Drop in the quantity of Covesting (COV) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you're glad, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.