How to Buy OctoFi (OCTO) in Australia

A Step-by-Step-Guide on how to buy OctoFi (OCTO) in Australia

Step 1 – Signup to Coinmama

You'll first need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and getting your Bitcoin (BTC) or Ethereum (ETH).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. OctoFi (OCTO) 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 chosen the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate {OctoFi (OCTO)|(OCTO) OctoFi}

As soon as your deposit has been verified, you'll now have access to your finances and you can launch buying and trading. To buy {OctoFi (OCTO)|(OCTO) OctoFi} on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find {OctoFi (OCTO)|(OCTO) OctoFi}, you'll need to put the short name of the asset (OCTO) into the search-box, which is marked in the graphic. Be certain of having choosen the right pairing, we have marked this also. Click on “OCTO/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} OctoFi (OCTO)
Step 4 – Buying {OctoFi (OCTO)|(OCTO) OctoFi}

Once you've spotted {OctoFi (OCTO)|(OCTO) OctoFi}, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our Limit Order.

The field with the “Price” tag will be filled with the most latest tariff {OctoFi (OCTO)|(OCTO) OctoFi} was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of OCTO you want to purchase. The ”Total” field is the whole price in Bitcoin that you will pay for the whole amount of OCTO.

When you're glad, make a mouse click on “Buy OCTO”. Your order will be filled when a Seller sells their OCTO for the price you offered.

Step 5 – Withdraw {OctoFi (OCTO)|(OCTO) OctoFi}

Unless you're frequently trading, never keep your crypto coins on an Crypto Trader for an extensive period of time. In order to take off your {OctoFi (OCTO)|(OCTO) OctoFi}, go to the tab called “Funds” and mouse click on “Withdraw”. {OctoFi (OCTO)|(OCTO) OctoFi} can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {OctoFi (OCTO)|(OCTO) OctoFi} by using the given drop-down box. Enter the volumen of {OctoFi (OCTO)|(OCTO) OctoFi} you would like to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address.

If you're happy, click “Submit”. You may be requested for verfication via phone/email ahead of a take off.

Kudos! You have successfully bought and stored OctoFi (OCTO) in Australia.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the {OctoFi (OCTO)|(OCTO) OctoFi} is safe in your wallet, you're finished.

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