A Step-by-Step-Guide on how to buy KODcoin (KOD)
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. KODcoin (KOD) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find KODcoin (KOD) As soon as your deposit has been verified, you will directly have access to your finances and you can initiate buying and trading. To purchase KODcoin (KOD) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to spot KODcoin (KOD), you will need to insert the short name of the asset (KOD) into the search-box, which is marked in the image. Be certain of having selected the proper pairing, we've marked this too. Click on “KOD/BTC” to proceed.
Step 4 – Purchase KODcoin (KOD) Once you've found KODcoin (KOD), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we're creating our own Limit Order. The ”Price” field will be automatically filled with the most recent valuation KODcoin (KOD) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of KOD you wish to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete quantity of KOD. When you are glad, make a mouse click on “Buy KOD”. Your plan will be filled when a Seller trades their KOD for the price you offered.
Step 5 – Withdraw KODcoin (KOD) Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an extensive time period. In order to take off your KODcoin (KOD), go to the ”Funds” tab and click on “Withdraw”. KODcoin (KOD) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate KODcoin (KOD) by using the given drop-down box. Put into the quantity of KODcoin (KOD) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.