How to Buy CUTcoin (CUT)

A Step-by-Step-Guide on how to buy CUTcoin (CUT)

Step 1 – Join Kraken

You will first need to purchase units of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and receive ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. CUTcoin (CUT) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate CUTcoin (CUT)

Once your deposit has been verified, you'll immediately have access to your funds and you can start invest and trading. To invest in CUTcoin (CUT) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to locate CUTcoin (CUT), you'll need to insert the short name of the asset (CUT) into the search box, which is marked in the image. Make sure you have selected the correct pairing, we've marked this also. Click on “CUT/BTC” to continue.

Binance Hot To Buy CUTcoin (CUT)
Binance How to Buy (CUT) CUTcoin
Step 4 – Acquisition of CUTcoin (CUT)

After you've located CUTcoin (CUT), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the latest rate CUTcoin (CUT) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of CUT you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole amount of CUT.

When you're satisfied, click on “Buy CUT”. Your order will be filled when a Seller trades their CUT for the price you introduced.

Step 5 – Withdraw CUTcoin (CUT)

Unless you are regularly trading, never keep your coins on an Crypto Exchange for an longer time frame. To take off your CUTcoin (CUT), go to the ”Funds” tab and mouse click on “Withdraw”. CUTcoin (CUT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate CUTcoin (CUT) by using the provided drop-down box. Drop in the amount of CUTcoin (CUT) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you are happy, click on “Submit”. You may be requested for verfication via phone/email before a take off.

Binance Withdraw

Congrats! You've successfully purchased and safed CUTcoin (CUT).

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (CUT) CUTcoin is safe within your wallet, you're finished.

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