How to Buy Cofinex (CNX)

A Step-by-Step-Guide on how to buy Cofinex (CNX)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

You will first need to purchase one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and receive Bitcoin or Ethereum.

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Cofinex (CNX) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find Cofinex (CNX)

Once your deposit has been verified, you will directly have access to your finances and you can launch invest and trading. To buy Cofinex (CNX) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to locate (CNX) Cofinex, you'll need to put the shortname of the coin (CNX) into the search-box, which is highlighted in the image. Be certain of having selected the right grouping, we've highlighted this too. Click on “CNX/BTC” to progress.

How to buy Coin on Binance 1 Cofinex (CNX)
Step 4 – Buy (CNX) Cofinex

Once you have located Cofinex (CNX), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to create our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date rate (CNX) Cofinex was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of CNX you want to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete amount of CNX.

When you're happy, click on “Buy CNX”. Your order will be filled as soon as a Seller trades their CNX for the price you submitted.

Step 5 – Withdraw (CNX) Cofinex

Unless you are frequently trading, best advise is not to keep crypto on an Exchange for an extensive period of time. To withdraw your (CNX) Cofinex, go to the tab called “Funds” and click on “Withdraw”. (CNX) Cofinex can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CNX) Cofinex by using the provided drop-down box. Drop in the amount of Cofinex (CNX) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Kudos! You've successfully purchased and safed Cofinex (CNX).

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (CNX) Cofinex is stored inside your wallet, you are done.