How and where to buy CoinFi?

Bitcoin and Ethereum are the most well-known coins in the cryptocurrency world.

But that doesn’t mean that there aren’t other altcoins out there with just as much potential, like Ripple.

ICO tokens are now beginning to capture the commercial space, and more and more new tokens are being listed on exchanges each day.

Because of all of the information overload, there is a huge need for some kind of market intelligence platform to help traders make smart investment decisions.

Enter CoinFi. CoinFi is building an intelligence software where investors can view trading signals, ICO analyses, research, market news, and trading trends.

This coin (and technology) has the potential to change the crypto trading industry for the better.

But what is it, exactly?

What is CoinFi?

CoinFi is an all-in-one platform that gathers crowdsourced and professional research, trading signals, market news, algorithms, and more to provide traders with live market intelligence.

The CoinFi token (COFI) is an ERC-20 token that is used to access the platform’s features.

The token will also be used to harness the knowledge of the crowd that owns the coins and reduce volatility with rewards.

CoinFi community members that do their own research, share trading signals, or curate news will be rewarded with more tokens.

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Here is a detailed breakdown of the core components of the CoinFi network:

Media: In-house contributors will post news and analysis on the coins that they cover. Users will have a separate platform where they can contribute their own coin analysis and news.

Contributors will be ranked with a “trust score.” Users will be given incentives to fact check their contributions, which will help keep the spread of misleading information at bay.

An account will receive an increase in it’s “reputation” for fact-checking. The quality of all content will depend on social signals like upvotes and page views.

Signals: CoinFi will offer different algorithms, bots, and signals created by their team (as well as other users).

There will also be an auction system for third-party products that are built and sold on the CoinFi platform.

Community: A decentralized reputation system will police the content on the CoinFi platform. Users can offer subscription-based content if they find huge success with upvotes.

Since CoinFi is an ICO, let’s talk about how ICOs work.

ICOs Explained

In case you didn’t know, ICO stands for Initial Coin Offering.

ICOs allow investors to exchange fiat currency for digital coins in a business. Coins are usually exchangeable for cryptocurrencies like Bitcoin or Ether.

This allows businesses to create growth equity and liquidity without ever having to give up any of their actual equity.

This is a more risky form of the traditional Initial Public Offering (IPO).

ICOs raised more than $3.7 billion in 2017, and 235 companies took part in some kind of ICO.

Filecoin raised $257 million, Tezos brought in more than $232 million, and EOS raised $185 million.

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Raising even a small portion of these funds as a start-up isn’t as easy with traditional crowdfunding methods.

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As of right now, KuCoin is only available on two exchanges: KuCoin and Gate.io. While this may seem inconvenient, it could be part of why CoinFi’s prices are so low right now at $0.057987.

How to Use KuCoin to Buy CoinFi

KuCoin was the first exchange to list CoinFi back in January of 2018.

First, head to the KuCoin website and click the “Sign up” button.

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Next, you’ll need to complete the sign-up process to register for a KuCoin account.

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Registration is very straightforward. Just enter in your email address, password, and optional referral code.

You should receive a confirmation email with a link as soon as you hit “Next.” You can log into your account from there.

Next, it is highly recommended that you enable two-factor authentication. This will give your account an additional layer of security.

Head to the settings tab and find the “Google 2-Step” button.

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Download the Google Authenticator app. Then, every time you log in, you’ll need your password and a code from Google that changes every minute.

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That way, even if a hacker figures out your password, they won’t have the Google Authenticator code to get past the login screen.

When you’ve completed these steps, you’ll be finished with basic account setup. Now you’re ready to deposit funds.

KuCoin has a modern, clean layout where you can view an overview of the market. Most popular coins are featured on this page, as well as rare or new coins.

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Select the desired trading pair. Then, you’ll see a trading screen where you can view information about the coin you clicked on.

From the drop-down menu, select the coin you want to deposit. Add the address and amount and then press “Confirm.”

A new wallet will then be generated by KuCoin. The address for each of the coins will be different, so you’ll need to make sure that you only deposit the specific coin into it.

If your address is incorrect, you’ll lose the funds.

To trade, select “Markets” from the menu and select the trading pair you want from the table.

You’ll be taken to a screen like this one for the COFI/BTC pair market:

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On the right, you’ll see the last trades made on that particular market. An orderbook is located underneath that, but you must be signed in to use it.

The top left features a chart showing the coin’s past and current values.

The bottom left showcases the market depth along with any active orders you may have.

Under the “Buy/Sell” section, set your desired price and amount.

The total cost will be calculated and displayed next to “Volume.” Trading fees will be displayed here as well.

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When you’re satisfied with the price, click “Buy.”

Here’s how you can use Gate.io to purchase CoinFi.

Use Gate.io to Buy CoinFi

First, you need to sign up for a Gate.io account to exchange a coin for CoinFi.

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Enter a username, password, and email address.

You will also need a “Fund password” that you will use when withdrawing or trading coins.

Enter the Captcha code and select “Create account.” Once you’re sent a verification email, click on the link in it to confirm the account.

You can choose a trading pair from the homepage by clicking on the “Trade” button next to the pair of your choice.

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Once you’ve selected that button, you can place an order with a preferred price and amount, just like KuCoin.

When there is a current matching order, your order will partially or completely fill.

Otherwise, just enter your desired price and amount and click “Buy.”

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If an order stays open for a long time, you might want to cancel it.

To view open orders, click on “Open orders” and “Wallets.”

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To cancel an order, click the asset “locked” and the order will be refunded.

Now that you know where and how to buy CoinFi, where should you store it?

Where Can You Store CoinFi?

Choosing the right cryptocurrency wallet can be a difficult task.

Since CoinFi is an ERC20 token, you can easily use MyEtherWallet to store your COFI coins.

However, leaving wallets online in a “hot wallet” leaves your coins unarmed against the vulnerabilities of the internet.

If you would rather use a hardware wallet, which is more secure, consider the Nano Ledger S or Trezor.

Hardware wallets store your private keys offline and provide an extra layer of security beyond a password, and let

Hackers and malicious software can’t access your keys or coins since hardware wallets use “cold storage” methods.

TL;DR

ICO tokens like CoinFi are taking the cryptocurrency world by storm.

And CoinFi isn’t your average altcoin, either: the coins back a platform designed to help traders make smarter, more informed decisions in real time.

Investors can view trading signals, trends, market news, and more. When you invest in CoinFi, you’re investing in more than just a digital coin.

The platform will reward users with coins for providing accurate, helpful information to others using the service.

The reputation system is decentralized so that CoinFi won’t play “favorites” with its contributors.

You’re investing in the cryptocurrency platform of tomorrow.

ICOs are riskier than traditional IPOs, but they’ve become just as popular. ICOs raised $3.7 billion in 2017, and that number is only going to increase.

As of right now, you can use two different platforms to buy CoinFi: KuCoin and Gate.io.

All you have to do is sign up for an account and trade a coin like BTC or ETH for COFI.

You can store CoinFi on an online exchange like MyEtherWallet, but you may want to consider a hardware wallet like Nano Ledger S or Trezor for maximum security.

If you’ve been interested in CoinFi but weren’t sure how to buy it, now is your chance. Buy the dip before this coin is listed on more well-known exchanges.

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