A Step-by-Step-Guide on how to buy Coin (COIN)
Step 1 – Join Coinbase and get 10$ for free You'll first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first 10$.
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Coin (COIN) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Coin (COIN) Once your deposit has been confirmed, you will instantly have access to your finances and you can launch purchasing and trading. To purchase Coin (COIN) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. To find Coin (COIN), you will need to insert the cointype (COIN) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we have marked this also. Click on “COIN/BTC” to go on.
Step 4 – Purchasing Coin (COIN) After you have discovered Coin (COIN), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order. The “Price” field will be filled with the most recent tariff Coin (COIN) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of COIN you want to buy. The “Total” field is the total price in BTC that you'll settle for the whole volumen of COIN. If you are glad, click on “Buy COIN”. Your plan will be filled when a Vendor trades their COIN for the price you gave.
Step 5 – Withdraw Coin (COIN) Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an longer period of time. In order to take off your (COIN) Coin, go to the “Funds” tab and mouse click on “Withdraw”. (COIN) Coin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (COIN) Coin by using the given drop-down box. Put into the amount of Coin (COIN) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.