A Step-by-Step-Guide on how to buy OCTCOIN (OCTC)
Step 1 – Signup to Kraken You will first need to purchase one of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. OCTCOIN (OCTC) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate OCTCOIN (OCTC) Once your deposit has been confirmed, you'll now have access to your finances and you can commence buying and trading. To purchase OCTCOIN (OCTC) on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”. To locate OCTCOIN (OCTC), you'll need to insert the short name of the asset (OCTC) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've highlighted this also. Click on “OCTC/BTC” to proceed.
Step 4 – Purchasing OCTCOIN (OCTC) As soon as you have located OCTCOIN (OCTC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the latest valuation OCTCOIN (OCTC) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of OCTC you want to buy. The ”Total” field is the whole price in BTC that you will pay for the whole quantity of OCTC. If you are satisfied, make a mouse click on “Buy OCTC”. Your order will be filled when a Seller sells their OCTC for the price you introduced.
Step 5 – Withdraw OCTCOIN (OCTC) Unless you are trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive time period. To take off your OCTCOIN (OCTC), go to the ”Funds” tab and mouse click on “Withdraw”. OCTCOIN (OCTC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find OCTCOIN (OCTC) by using the provided drop-down box. Enter the quantity of OCTCOIN (OCTC) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.