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 – Send Your Funds to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. OctoFi (OCTO) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate OctoFi (OCTO) As soon as your deposit has been confirmed, you'll directly have access to your finances and you can start invest and trading. To invest in OctoFi (OCTO) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find OctoFi (OCTO), you will need to insert the shortname of the coin (OCTO) into the search-box, which is marked in the image. Be certain of having selected the correct grouping, we've marked this too. Click on “OCTO/BTC” to go ahead.
Step 4 – Purchase OctoFi (OCTO) After you have located OctoFi (OCTO), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation OctoFi (OCTO) was traded for. You can change this to your favoured rate. The ”Amount” field is the quantity of OCTO you like to purchase. The ”Total” field is the whole price in Bitcoin that you will pay for the complete amount of OCTO. If you are glad, make a mouse click on “Buy OCTO”. Your plan will be filled as soon as a Vender trades their OCTO for the price you offered.
Step 5 – Withdraw OctoFi (OCTO) Unless you're regularly trading, never keep your crypto coins on an Crypto Exchange for an extensive time frame. To withdraw your OctoFi (OCTO), hover over the tab called “Funds” and mouse click on “Withdraw”. OctoFi (OCTO) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate OctoFi (OCTO) by using the given drop-down box. Enter the amount of OctoFi (OCTO) you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. When you're satisfied, click on “Submit”. You may be requested for email/phone verification ahead of a take off.