How do you want to buy CloakCoin?
The following guide will explain, how to buy CloakCoin (CLOAK). With simple step-by-step instructions, this buying guide is especially suitable for beginners. You will learn how to buy CloakCoin coin with USD, EUR, GBP, RUB or other currencies and different deposit methods like credit card, bank transfer or others.
Since CloakCoin is only available on a cryptocurrency exchange which doesn’t support FIAT (USD, EUR,...) deposits, you will need to buy Ethereum (ETH) or Bitcoin (BTC) on a suitable exchange first and transfer it to another exchange, where you will finally be able to purchase CloakCoin.
Sounds complicated? Don’t worry, we got you!
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AUD, EUR, GBP, SDG, USD
Coinbase is a well-known exchange for beginners and starters. $10 Bonus if you register via us and deposit more than $100 or equivalent.
CHF, EUR, GBP, USD
This is one of the best cryptocurrency exchanges for European citizens, with an easy to use interface and great support.
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EUR, GBP, RUB, USD
At CEX.io you can buy form almost all over the world Bitcoin, Etherum with FIAT via Bank Transfer or Credit Card.
There are more exchanges where you can buy ETH or BTC with other currencies or deposit options. If you wanna check them, go to this Exchange List.
In order to buy CloakCoin, we need to buy first Ethereum (ETH) tokens, which we will then transfer to another exchange.
Go to https://www.coinbase.com and make sure the address is correct and that you see the secure symbol next to the URL. Click the "Sign Up" button in the top right corner of the site.
Go into your mail inbox and open the email you got from Coinbase and click on the confirmation link, which will bring you back to Coinbase again.
When you are back on Coinbase.com just log in with your email and password if you are not logged in already. In some areas, you have to confirm the new GDPR rules. Afterward you will see the dashboard of Coinbase.com.
Now you need to scroll down a bit and activate 2-factor authentication by adding your phone number. For that just click on the Field "Add your phone number" on the lower left side of the page. A new pop-up shows up where you have to add your phone number. To confirm your number, you will get now a message with a code on your phone. Enter this code in the next window.
In order to buy and sell ETH on Coinbase or add payment methods, you will need to verify your identity. To do so click on "Verify your identity" on the lower left side of the dashboard. Again a new window will pop up and let you choose how you want to verify yourself. Just choose whichever option you prefer and continue as instructed on the screen.
After you have uploaded your documents it can take a few minutes for your account to be verified:
We are only one step away from buying cryptocurrencies on Coinbase. Before we can, we have to add a payment method. Click on "Add a payment method" on the lower left side of the page.
A new window will pop up and let you choose between the following options:
You can choose a bank transfer; in the next steps you will have to enter your name and the name of the bank where you will make the transfer from. You will then get a reference number, which you will have to add into your bank transfer. This is important, since Coinbase can't link your transfer to your account. So don't forget to double-check your data before you transfer your funds. It may also take a few days till your transfer is connected to your account.
Credit / debit card:
If you choose credit / debit card, you will have to add your address and then just enter your card details. Coinbase will take a small fee for payments with cards: therefore, transactions are instant. For your information: some banks and credit card issuers block orders from Coinbase and other exchanges. If this happens to you try another debit card or use a bank transfer to deposit money into Coinbase.com.
Now choose your preferred option and deposit your EURO, USD, GBP,.. via bank transfer or simply add your credit / debit card.
Now log back into your Coinbase Account and click on "Buy / Sell" or just follow this link.
Now choose Ethereum from the overview, select the payment method, add the amount you want to buy in ETH or Fiat and click "Buy Ethereum Instantly".
You will again see all the details of your transaction, with the exact amount of Ethereum you will purchase and how much you will pay for it. If the data are correct, click "Confirm Buy".
You have just bought Ethereum (ETH), which are now stored in your Coinbase wallet!
In a few steps we will send your desired amount of Ethereum from Coinbase.com to the exchange, where you will buy the CloakCoin coins. To do so, choose the exchange where you want to buy CloakCoin (CLOAK) in the next step!
Warning: Only users from European countries can register at this exchange!
As mentioned before, in order to buy CloakCoin, we need to buy first Ethereum (ETH), which we will then transfer to another exchange.
So let's start with buying Ethereum! Since you have selected Bitpanda to buy ETH, go to https://www.bitpanda.com and make sure the address is correct and that you see the secure symbol next to the URL. Click the "Sign Up" button in the top right corner of the site.
Now add your name, email address, a secure password, country of residence and solve the captcha. Next Bitpanda will send you an email, which you will need to confirm.
To do so, go into your mail inbox and open the email you got from Bitpanda and click on the "Confirm Email Address" Button.
You can now log into your Bitpanda account.
For security reasons we highly recommend to set up 2-factor authentication. Once you are logged in, you will find a hint "Enable Two Factor Authentication (2FA)" in the dashboard of Bitpanda - click on it. On the new site, you will see a barcode as well as a secure code. Save this secure code in a safe place, since you will be able to recover your 2FA Code with this code, if you lose your phone. Just follow the short instruction of Bitpanda and install the Google Authentication App on your smartphone and then scan or enter the code.
In order to buy and sell cryptocurrencies on Bitpanda, you will have to verify your identity. When you log into your Bitpanda account, you will see various hints to verify yourself. Just click on one of the "Verify" buttons. A new window will open, where you first have to add more personal data.
In the next step you have to choose, with which ID (e.g ID, Passport,..) you want to verify. After that you will be forwarded to a Video Identification Service of your choice. You can do this either via your smartphone or your computer (should have a webcam). Just follow the instructions and you will be ready after a few minutes.
Once you are registered, you have to click "Deposit" in the top right corner of the page. A new window will pop up and let you choose which FIAT you want to deposit: EURO, USD, GPB, CHF. Next you can choose how you want to deposit your Money. There are plenty of options, although most are only available for EURO:
Minimum deposit will be 25€, while max. deposit varies between 2500€ and 500.000€. Make sure to check the fees for each deposit option:
Sofort Überweisung - 1,99% fee - max. 10.000€ - Instant
Visa Credit / Debit card - 1,5% fee - max. 2.500€ - Instant
Mastercard Credit / Debit card - 1,5% fee - max. 2.500€ - Instant
Bank Transfer - FREE - max. 500.000€ - 2-3 business days
EPS - 0,25€ + 2% (max. 2,00€) fee - max. 10.000€ - Instant
Giropay - 0,25€ + 2% (max. 2,00€) fee - max. 10.000€ - Instant
Neteller - 0,90€ + 3,6% fee - Instant
Skrill - 1,00€ + 3,6% fee - Instant
Once you have decided how you want to deposit, just follow the instructions of the website.
You are almost done! Since your money is now in your Bitpanda-account, you are just a few clicks away from your new Ethereum. Just click on "TRADE" in the upper right corner of the website - a new window will pop up where you then click "Buy".
Now you see all available Coins and Tokens. You will choose now "ETH Wallet", then choose with which Fiat wallet you want to pay - e.g. EURO.
Simply enter, for how many e.g. EURO or USD you want to buy Ethereum (ETH) and click "Go to Summary".
You will see now the summary of your order, with the exact amount of ETH you will purchase and how much you will pay for it. If the data are correct, click "Buy now".
You have just bought Ethereum (ETH), which are now stored in your Bitpanda Wallet!
In a few steps we will send your desired amount of Ethereum from Bitpanda.com to the exchange, where you will buy the CloakCoin coins. To do so, choose the exchange where you want to buy CloakCoin (CLOAK) in the next step!
As mentioned before, in order to buy CloakCoin, we need to buy first Ethereum (ETH), which we will then transfer to another exchange.
So let's start with buying Ethereum! Since you have selected CEX to buy ETH, go to https://cex.io and make sure the address is correct and that you see the secure symbol next to the URL. Click the "Register" button in the top right corner of the site. Now add your email address and create a secure password. You will have to click a box that you agree to the terms and conditions. Hit "Register" button and you will be led to the next step.
Check your email now, you will find an email with a verification link. After you click that, you are all set up to log into CEX.
The next screen will tell you to set up 2-factor authentication - DON’T skip this step, it's highly advised to use this to keep your account secure. Choose the smartphone app option, that way you can use and check your CEX-account on your phone anytime.
In order to buy and sell cryptocurrencies, you will have to verify your identity. Log into your CEX.IO account and look for your user ID in the top right corner. Mouse-over there, a drop-down menu will open - click "Verification".
Now you can add your personal information and upload an image of your ID in the form:
The main page will right away offer you to buy Ethereum with a credit card. Anyway click on 'Deposit' in the top right area of the website. You will have here now two options to choose from:
The credit card option will cost you a fee but works instantly. For bank transfer, CEX doesn’t take a fee, but the transaction will take a few days. In those days, the price of the coin can change due to the changes on the cryptocurrency market, so keep that in mind.
When using a credit card, you will have to verify that the card belongs to you. Upload an image of your ID and a selfie of you holding the ID.
For bank transfer, CEX doesn’t take a fee, but the transaction will take a few days.
Choose now the option you prefer and proceed.
When your money is deposited in your account, just go back to the Buy / Sell Page. First choose "ETH" from the drop-down menu, as well as with which currency you want to pay (Euro, Dollar, Pound or Ruble). You will see some predefined offers, or you can simply enter any amount of ETH you wanna purchase. After you have selected one of the options just click "Buy".
Check again if the amount of Ethereum (ETH) and the prices are correct - if everything is right, click the confirm button.
You have just bought Ethereum (ETH), which are now stored in your CEX.IO account!
In a few steps we will send your desired amount of Ethereum from CEX.IO to the exchange, where you will buy the CloakCoin coins. To do so, choose the exchange where you want to buy CloakCoin (CLOAK) in the next step!
Choose now one of the following exchanges, where you will finally buy CloakCoin.
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Binance is a fast-growing crypto to cryptocurrency trading platform with over 140 cryptocurrencies available. Registering is easy and can be done anonymously.
Go to https://www.binance.com and make sure that the URL is correct and that you see the green secure symbol . In the upper right-hand corner of the site, click "Register" and follow the given instructions. Binance will send you an email, so head over to your mail inbox and click on the confirmation link.
Now you can log into your account. We highly advise you to set up 2-factor authentication to keep your account as safe as possible. You will find this by going to your "Account" in the upper right corner then clicking on "Google Authentication" and following the instructions.
In order to buy CloakCoin, you will have to transfer your Ethereum, which we bought before or you already had, to your new Binance account. So let’s make a deposit. On the upper right menu bar, you will see the button "Funds" - hover over there and a drop-down menu opens; click on "Deposit".
Next select "ETH" from the dropdown menu of the site. If you chose before to buy BTC instead of ETH as recommended, or you already had it, search for "BTC". Now the site will show you your deposit address; go ahead and copy this address to your clipboard.
Back on https://www.binance.com, you can track your transaction in the "History" page. It will take a few minutes, or in some cases even hours, for the transaction to go through.
With Ethereum in your Binance account, you can easily buy any of the coins available on the Binance exchange. Buying CloakCoin from here is easy. Go to the top menu on the left side and hover over "Exchange" — a drop-down menu opens and we suggest you start with "Basic", so simply click on it or just use click here.
In the new page, go to the right-hand side and first make sure that the "ETH" tab is clicked (where our red arrow is pointing to). All views will now show you prices in relation to Ethereum. Now search for CLOAK and click on it.
The whole site will now show you how much CLOAK is worth and what the current market prices are. Right in the middle, you see two fields — Buy and Sell. To buy CloakCoin, add the amount you would like to buy in the "Amount" field; it will calculate for you how much ETH you will have to spend.
There are two things to watch out for — do you want to buy with a market order or limit order?
Setting a Limit Order means that you specify how many CloakCoin coin you want to buy (or maybe sell) and the maximum price you want to pay (or accept) for that amount of CloakCoin. If there is an order that matches or is lower than this, it will be filled right away. If there is no match, it can take a while until your order is filled.
When you use a Market Order, you only specify how many CLOAK coin you want to buy, and your order will be filled immediately for the price that is available on the market. This means that you might not decide on the price you pay for CloakCoin but your order will go through right away.
In our example, we are buying CloakCoin with a Limit Order. Set the price and amount of CLOAK you want to buy and click "BUY". Binance gives you the option to even buy certain percentages of your balance too. The site will then automatically set the amount you are going to buy.
Congratulations — you have just purchased CloakCoin successfully. You can check your balance under "Funds" on the top menu.
You can now withdraw your CloakCoin coins to your own wallet or even send them to a friend. We are going to show you how to do this in the next steps. Please also read through the wallet information below and make sure you store your CloakCoin in a secure place.
Saving CloakCoin on an exchange is the least secure way to store your coins. This means cryptocurrency exchanges are often targets of hackers, as you might have heard already. The most secure way to hold your CloakCoin is to save them in a hardware wallet like this:
Before you buy them, make sure they are compatible with CloakCoin.
Another way to securely store your coins is to send them to a desktop, mobile or online wallet. Sadly, we don´t currently have a detailed guide about the CloakCoin wallet. So please check the homepage of CloakCoin for more information. Also, make sure to bookmark this site as we regularly update all guides.
In the next step, we are going to show you, how you can withdraw your CloakCoin from the exchange.