A Step-by-Step-Guide on how to buy Xfinance (XFI)
Step 1 – Join CEX.io You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Xfinance (XFI) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Xfinance (XFI) As soon as your deposit has been approved, you'll directly have access to your funds and you can commence buying and trading. To buy Xfinance (XFI) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. In order to spot Xfinance (XFI), you'll need to insert the cointype (XFI) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we've highlighted this too. Click on “XFI/BTC” to continue.
Step 4 – Purchase Xfinance (XFI) Once you have discovered Xfinance (XFI), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to make our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff Xfinance (XFI) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of XFI you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole amount of XFI. If you're satisfied, click on “Buy XFI”. Your plan will be filled when a Seller trades their XFI for the price you submitted.
Step 5 – Withdraw Xfinance (XFI) Unless you're frequently trading, best advise is not to keep your crypto coins on an Exchange for an longer time period. To take off your Xfinance (XFI), go to the tab called “Funds” and click on “Withdraw”. Xfinance (XFI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Xfinance (XFI) by using the given drop-down box. Enter the amount of Xfinance (XFI) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, click on “Submit”. You could be asked for phone/email verification ahead of a take off.