A Step-by-Step-Guide on how to buy OctoFi (OCTO) in Anguilla
Step 1 – Join Coinmama In the beginning you'll need to purchase one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and to get your Ethereum or Bitcoin.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. OctoFi (OCTO) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you've selected the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate OctoFi (OCTO) As soon as your deposit has been approved, you'll instantly have access to your funds and you can start purchasing and trading. To invest in OctoFi (OCTO) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To locate OctoFi (OCTO), you will need to put the cointype (OCTO) into the search-box, which is marked in the image. Be certain of having choosen the right pairing, we have marked this too. Click on “OCTO/BTC” to progress.
Step 4 – Buying OctoFi (OCTO) After you've discovered OctoFi (OCTO), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent price OctoFi (OCTO) was traded for. This can be changed to your preferred rate. The ”Amount” field is the quantity of OCTO you like to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of OCTO. If you're satisfied, click on “Buy OCTO”. Your order will be filled as soon as a Vendor sells their OCTO for the price you offered.
Step 5 – Withdraw OctoFi (OCTO) Unless you are regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your OctoFi (OCTO), hover over the ”Funds” tab and mouse click on “Withdraw”. OctoFi (OCTO) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate OctoFi (OCTO) by using the provided drop-down box. Drop in the quantity of OctoFi (OCTO) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click “Submit”. You may be asked for email/phone verification ahead of a withdrawal.
Congratulations! You've successfully bought and safed OctoFi (OCTO) in Anguilla.That's it! Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the OctoFi (OCTO) is stored within your wallet, you're all done.
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