How to Buy Komodo (KMD) in Australia

A Step-by-Step-Guide on how to buy Komodo (KMD) in Australia

Step 1 – Join Coinmama

You will first need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Komodo (KMD) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you have chosen the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find {Komodo (KMD)|(KMD) Komodo}

As soon as your deposit has been confirmed, you will instantly have access to your funds and you can initiate purchasing and trading. To buy {Komodo (KMD)|(KMD) Komodo} on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To discover {Komodo (KMD)|(KMD) Komodo}, you will need to insert the cointype (KMD) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we have highlighted this also. Click on “KMD/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} Komodo (KMD)
Step 4 – Buy {Komodo (KMD)|(KMD) Komodo}

As soon as you have spotted {Komodo (KMD)|(KMD) Komodo}, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date price {Komodo (KMD)|(KMD) Komodo} was sold for. You can change this to your favoured rate. The ”Amount” field is the volumen of KMD you want to purchase. The ”Total” field is the whole price in BTC that you will settle for the complete volumen of KMD.

When you're satisfied, make a mouse click on “Buy KMD”. Your plan will be filled as soon as a Seller trades their KMD for the price you introduced.

Step 5 – Withdraw {Komodo (KMD)|(KMD) Komodo}

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Trader for an longer time frame. In order to withdraw your {Komodo (KMD)|(KMD) Komodo}, go to the tab called “Funds” and mouse click on “Withdraw”. {Komodo (KMD)|(KMD) Komodo} can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Komodo (KMD)|(KMD) Komodo} by using the given drop-down box. Put into the volumen of {Komodo (KMD)|(KMD) Komodo} you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Kudos! You've successfully purchased and stored Komodo (KMD) in Australia.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the {Komodo (KMD)|(KMD) Komodo} is stored in your wallet, you are all done.

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