A Step-by-Step-Guide on how to buy OctoFi (OCTO)
Step 1 – Join Coinbase and receive 10$ in Bitcoin In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. OctoFi (OCTO) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate OctoFi (OCTO) As soon as your deposit has been affirmed, you will instantly have access to your funds and you can start buying and trading. To invest in (OCTO) OctoFi on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate OctoFi (OCTO), you'll need to insert the short name of the asset (OCTO) into the search box, which is highlighted in the picture. Be certain of having selected the right pairing, we have highlighted this too. Click on “OCTO/BTC” to continue.
Step 4 – Buy (OCTO) OctoFi As soon as you've spotted (OCTO) OctoFi, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're making our Limit Order. The field with the “Price” tag will be automatically filled with the recent tariff OctoFi (OCTO) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of OCTO you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole amount of OCTO. When you're happy, make a mouse click on “Buy OCTO”. Your plan will be filled when a Vender sells their OCTO for the price you introduced.
Step 5 – Withdraw (OCTO) OctoFi Unless you are trading, never keep your crypto coins on an Crypto Exchange for an extended period of time. In order to take off your (OCTO) OctoFi, hover over the “Funds” tab and mouse click on “Withdraw”. (OCTO) OctoFi can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (OCTO) OctoFi by using the given drop-down box. Drop in the quantity of OctoFi (OCTO) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. If you are happy, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.