A Step-by-Step-Guide on how to buy OctoFi (OCTO)
Step 1 – Join Kraken You will first need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and getting Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. OctoFi (OCTO) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find OctoFi (OCTO) As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can start buying and trading. To purchase OctoFi (OCTO) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. To discover OctoFi (OCTO), you will need to put the shortname of the coin (OCTO) into the search box, which is marked in the image. Be certain of having choosen the right grouping, we've marked this too. Click on “OCTO/BTC” to go on.
Step 4 – Purchasing OctoFi (OCTO) After you've found OctoFi (OCTO), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order. The field with the “Price” tag will be filled with the most recent price OctoFi (OCTO) was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of OCTO you wish to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the whole volumen of OCTO. When you're glad, click on “Buy OCTO”. Your order will be filled as soon as a Vender trades their OCTO for the price you submitted.
Step 5 – Withdraw OctoFi (OCTO) Unless you are regularly trading, never keep your crypto on an Crypto Trader for an extended time frame. To take off your OctoFi (OCTO), hover over the ”Funds” tab and mouse click on “Withdraw”. OctoFi (OCTO) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find OctoFi (OCTO) by using the provided drop-down box. Drop in the volumen of OctoFi (OCTO) you would like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.