A Step-by-Step-Guide on how to buy Dowcoin (DOW)
Step 1 – Signup to CEX.io You'll first need to buy units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Funds to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Dowcoin (DOW) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate (DOW) Dowcoin Once your deposit has been confirmed, you'll instantly have access to your finances and you can launch invest and trading. To buy (DOW) Dowcoin on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to locate (DOW) Dowcoin, you'll need to put the cointype (DOW) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we have marked this too. Click on “DOW/BTC” to proceed.
Step 4 – Buy (DOW) Dowcoin As soon as you have discovered (DOW) Dowcoin, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date price (DOW) Dowcoin was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of DOW you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole volumen of DOW. When you are happy, make a mouse click on “Buy DOW”. Your plan will be filled when a Seller sells their DOW for the price you offered.
Step 5 – Withdraw (DOW) Dowcoin Unless you're frequently trading, never keep your coins on an Exchange for an longer time period. To withdraw your (DOW) Dowcoin, hover over the tab called “Funds” and click on “Withdraw”. (DOW) Dowcoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DOW) Dowcoin by using the given drop-down box. Drop in the amount of (DOW) Dowcoin you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You could be asked for phone/email verification ahead of a take off.