A Step-by-Step-Guide on how to buy OKCash (OK)
Step 1 – Join Kraken You will first need to buy units of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) 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. OKCash (OK) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate OKCash (OK) Once your deposit has been verified, you will directly have access to your finances and you can launch buying and trading. To buy OKCash (OK) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. To spot OKCash (OK), you will need to put the cointype (OK) into the search-box, which is highlighted in the graphic. Be certain of having selected the right grouping, we have highlighted this also. Click on “OK/BTC” to progress.
Step 4 – Acquisition of OKCash (OK) After you've found OKCash (OK), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're making our Limit Order. The ”Price” field will be filled with the most recent price OKCash (OK) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of OK you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole amount of OK. If you are satisfied, click on “Buy OK”. Your plan will be filled as soon as a Seller sells their OK for the price you offered.
Step 5 – Withdraw OKCash (OK) Unless you're trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your OKCash (OK), go to the ”Funds” tab and click on “Withdraw”. OKCash (OK) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate OKCash (OK) by using the given drop-down box. Drop in the volumen of OKCash (OK) you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.