CoinW exchange app novice coin buying graphic tutorial

For beginners seeking a user-friendly crypto trading platform, CoinW Exchange App provides a step-by-step guide to create an account, deposit funds, and place buy orders effortlessly.

Oct 03, 2024 at 09:18 am

CoinW Exchange App: A Step-by-Step Guide for Novice Coin Buyers

CoinW is a reliable cryptocurrency exchange that offers a user-friendly platform for trading and purchasing digital assets. If you're new to crypto and want to buy your first coins, this detailed guide will walk you through the process step by step.

Step 1: Create an Account

• Visit the CoinW website (www.coinw.com) or download the mobile app.
• Click on "Sign Up" and provide your email address, password, and a referral code (if you have one).
• Verify your email address by clicking on the link sent to your inbox.

Step 2: Complete Identity Verification (Optional)

• To enhance your account security and increase withdrawal limits, consider completing identity verification.
• Click on "User Center" and follow the instructions to upload your ID and complete the verification process.

Step 3: Deposit Funds

• Click on "Deposit" in the navigation menu.
• Select your preferred deposit method (fiat currency or cryptocurrency).
• For fiat currency deposits, choose your currency and follow the instructions to transfer funds from a bank account or e-wallet.
• For cryptocurrency deposits, provide the wallet address of your external wallet and the amount you want to transfer.

Step 4: Find the Coin You Want to Buy

• Use the search bar or navigate through the "Markets" section to find the coin you want to purchase.
• Select the coin pair (e.g., BTC/USDT for buying Bitcoin with USDT).

Step 5: Place a Buy Order

• Choose the type of order you want to place (e.g., Limit Order, Market Order).
• Enter the amount of the coin you want to buy or the total amount you want to spend.
• Set the price or a limit price (for Limit Orders).
• Click on "Buy" to place the order.

Step 6: Monitor Your Order

• Your order will appear in the "Orders" section.
• You can track the status of your order (e.g., Pending, Filled, Canceled).
• When your order is filled, the coins will be credited to your CoinW account.

Step 7: Withdraw Your Coins (Optional)

• If you wish to store your coins in a hardware or external wallet, you can withdraw them from CoinW.
• Click on "Withdraw" and select the cryptocurrency you want to withdraw.
• Provide the withdrawal address of your external wallet.
• Enter the amount you want to withdraw and the network fee.
• Click on "Withdraw" to initiate the transaction.