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 Bitcoin or Ethereum to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. KODcoin (KOD) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the right 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, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate KODcoin (KOD) Once your deposit has been affirmed, you will now have access to your finances and you can launch buying and trading. To invest in KODcoin (KOD) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find KODcoin (KOD), you will need to put the shortname of the coin (KOD) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we've marked this also. Click on “KOD/BTC” to advance.
Step 4 – Buying KODcoin (KOD) After you have discovered KODcoin (KOD), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are creating our Limit Order. The ”Price” field will be filled with the up-to-date price KODcoin (KOD) was sold for. This can be changed to your favoured price. The ”Amount” field is the volumen of KOD you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of KOD. When you are satisfied, click on “Buy KOD”. Your order will be filled as soon as a Vender trades their KOD for the price you introduced.
Step 5 – Withdraw KODcoin (KOD) Unless you are trading, never keep your coins on an Crypto Exchange for an extended time period. To withdraw your KODcoin (KOD), go to the ”Funds” tab and mouse click on “Withdraw”. KODcoin (KOD) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find KODcoin (KOD) by using the given drop-down box. Drop in the quantity of KODcoin (KOD) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.