A Step-by-Step-Guide on how to buy FoodCoin (FOOD)
Step 1 – Signup to Kraken You'll first need to purchase units of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. FoodCoin (FOOD) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find FoodCoin (FOOD) Once your deposit has been affirmed, you will now have access to your funds and you can initiate purchasing and trading. To purchase FoodCoin (FOOD) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to locate FoodCoin (FOOD), you will need to insert the short name of the asset (FOOD) into the search-box, which is highlighted in the image. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “FOOD/BTC” to progress.
Step 4 – Buying FoodCoin (FOOD) As soon as you have spotted FoodCoin (FOOD), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're going to make our own Limit Order. The ”Price” field will be filled automatically with the latest tariff FoodCoin (FOOD) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of FOOD you want to purchase. The ”Total” field is the total price in Bitcoin that you will pay for the complete quantity of FOOD. If you're happy, make a mouse click on “Buy FOOD”. Your plan will be filled when a Seller sells their FOOD for the price you offered.
Step 5 – Withdraw FoodCoin (FOOD) Unless you are frequently trading, never keep your crypto on an Crypto Trader for an longer time frame. To withdraw your FoodCoin (FOOD), go to the tab called “Funds” and mouse click on “Withdraw”. FoodCoin (FOOD) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find FoodCoin (FOOD) by using the provided drop-down box. Drop in the quantity of FoodCoin (FOOD) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.