Buying Octoin Coin is very easy nowadays. If you want, you can use cash, card – even PayPal! However, you still need to follow a few steps to do this – that’s why we’ve made this tutorial easy for you! It is separated into parts – just follow the one that matches your purchase method.
How to buy Octoin coins with credit card or debit card?
No matter what people say, it’s easy to buy Octoin Coin with a credit card. Your first step will always be to buy Bitcoins or Ethereum with your credit card. They can then be converted into Octoin Coin. Follow these steps: Buy Bitcoin or Ethereum on an exchange you like. Transfer Bitcoin or Ethereum to an exchange that supports Octoin Coin. Finally, exchange Bitcoin or Ethereum for Octoin Coin. Please follow our step by step guide below to buy Octoin Coin.
1. Create a Coinbase account
To buy Ethereum from Coinbase – which you will exchange for Octoin Coin (OCC) later – you need to create a Coinbase account.
Click on the ‘subscribe’ button and fill in the form. Enter your name (it has to be exactly the same as what is written on your photo ID), email, password and location. Coinbase is regulated by the US government and follows strict financial rules. As such, they need to verify your identity. It takes some time and effort, however, this makes Coinbase reputed to be the most reliable way to convert regular currency to cryptocurrency.
Verify Coinbase account
As Coinbase needs to verify your account, you must provide your phone number, upload a picture of your photo ID and verify your card (credit or debit) or account back. Only then will you be able to buy cryptocurrencies. If you use a card on Coinbase, your fees will be higher, but your purchases will be instant. It’s cheaper to use bank transfers, but it’s slow – it can take up to a week to receive your coins. When your payment details are verified, click on the ‘buy/sell’ button in the top menu.
Select ‘Ethereum’ and enter how much money you want to spend/how many coins you want to buy in the windows at the bottom of the page. Once this is done, click on the ‘Buy’ button. Now you will have to confirm your purchase. Do this by pressing the ‘Confirm purchase’ button. You now own some Ethereum. However, don’t close Coinbase just yet – we’ll use it later!
2. Open an account on an exchange that accepts Octoin Coin (OCC)
Now that you have some Ethereum, you should find a place to exchange it for OCC. Here is a list of online exchanges where OCC is traded: Exchanges are listed in descending order of trading volume (i.e. how much trading takes place on these sides).
3. Transfer Ethereum from Coinbase to Exchange
After opening an account with one of the exchanges in the list above, you should find your ETH wallet address. The details for finding the address may differ depending on the website, but it’s usually easy and straightforward. Make sure you get your “deposit” or “receiver” address. Copy/note your ETH wallet address for the next step. The address (Your own unique address, of course, not the address above!)
4. Transfer Ethereum to your new wallet
Transfer Ethereum from your Coinbase account or any other account/wallet where you hold your ETH to the receiver/deposit ETH address from step #3.
5. Exchange Ethereum for OCC
When Ethereum appears on your new exchange account (it may take a few minutes), you are ready to exchange it for OCC on the new exchange. The trading process depends on the exchange but is quite similar across platforms. Generally, you will want to find the OCC/ETH trading pair and “place an order” to buy OCC with your ETH funds. The order may work immediately – any delay is usually because the exchange is trying to find enough “sell” orders to fulfill your “buy” order. Congratulations! You are now the proud owner of a certain amount of OCC!
Also Read: How and Where to Buy NEO coins (NEO)?
Frequently Asked Questions
Can I buy Octoin coins with PayPal?
You cannot purchase Octoin coins directly with PayPal at this time. If you want to use PayPal, you will have to buy bitcoin first and then exchange bitcoins for OCC using a service like Binance.
Can I buy OCC with cash?
You cannot buy Octoin coins directly with cash. Even though some ATMs support Octoin Coin, they are less than 1% of all cryptocurrency ATMs. If you want to buy with cash, you will have to buy bitcoin first and then exchange bitcoins for OCC using a service like Binance.
Can I buy Octoin coins with Bitcoin?
Yes, you can easily do this using Binance to exchange bitcoins for Octoin Coin.
Can I buy OCC with Skrill
Europeans can use BitPanda to buy bitcoins or Ethereum with Skrill. Ethereum or BTC can be converted to Octoin Coin on Binance.
Can I buy Octoin coins with Ethereum
Yes, you can easily do this using Binance to exchange Ethereum for Octoin Coin.
What is the best payment method to use?
The cheapest way to do this is to buy bitcoins with bank account (or Octoin Coin directly with bank account) and exchange BTC for Octoin Coin. The fastest way is to buy Octoin Coin with a credit card, but higher fees will be charged.
How can I secure OCC after I buy it?
You must store your Octoin Coin in a secure wallet. Leaving Octoin Coin on an exchange only puts you at risk of losing money if the exchange is hacked. Your account can also be hacked, so it’s important to use 2FA.
How can I sell Octoin Coins (OCC)?
Binance and changelly are good places to exchange your OCC for any other cryptocurrency. If you want to exchange it for regular currency, trade OCC for bitcoin and exchange BTC for dollars, euros or other currencies.
Can I mine Octoin coins instead of buying them?
You cannot mine Octoin Coin as it has a different network structure than Bitcoin. You can only buy Octoin Coin on an exchange.