How to Buy OctoFi (OCTO)

A Step-by-Step-Guide on how to buy OctoFi (OCTO)

Step 1 – Join CEX.io

You will first need to purchase units of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and to get Bitcoin or Ethereum.

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. OctoFi (OCTO) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have chosen the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find (OCTO) OctoFi

As soon as your deposit has been approved, you will directly have access to your assets and you can start buying and trading. To invest in (OCTO) OctoFi on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to discover (OCTO) OctoFi, you will need to insert the cointype (OCTO) into the search box, which is marked in the graphic. Be certain of having selected the right grouping, we have marked this also. Click on “OCTO/BTC” to proceed.

Binance Hot To Buy OctoFi (OCTO)
Binance How to Buy (OCTO) OctoFi
Step 4 – Purchasing OctoFi (OCTO)

As soon as you have located OctoFi (OCTO), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our Limit Order.

The ”Price” field will be filled automatically with the most recent rate OctoFi (OCTO) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of OCTO you like to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole volumen of OCTO.

If you're glad, click on “Buy OCTO”. Your plan will be filled when a Vendor trades their OCTO for the price you gave.

Step 5 – Withdraw (OCTO) OctoFi

Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended time frame. In order to take off your (OCTO) OctoFi, go to the ”Funds” tab and click on “Withdraw”. (OCTO) OctoFi can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (OCTO) OctoFi by using the given drop-down box. Drop in the amount of (OCTO) OctoFi you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

When you're satisfied, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Binance Withdraw

Kudos! You have successfully purchased and stored OctoFi (OCTO).

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the OctoFi (OCTO) is safe in your wallet, you are done.