You want to buy it unrefined so it will have its full nutritional value. Coconut oil has a mild flavor and goes great with both sweet and savory dishes. If you want to give it a try, start by making my granola recipe.
Another advantage to coconut oil is it's low melting point. When it touches your skin it starts to melt. This makes it an ideal moisturizer. I keep a small container of it in my bathroom to condition my hair and skin.
At night, before bed, scoop some out and rub it in your hands. Massage it into your scalp and smooth it into your hair from root to tip. Not too much, you don't want a mess all over your pillow but enough to coat your hair. When you get up in the morning just shower as usual and you will notice your hair is shinier and moisturized.
I've also used the coconut oil after a shower instead of lotion. You may be wondering if I reeked of coconuts all day. The answer is no. This was a concern I had because I didn't want to be "that girl" that smells like coconuts (though I do love that smell). I have used it many days and it has never been an issue.
So you may want to consider adding coconut oil to repertoire. Not only in the kitchen but in your bathroom, it's a very versatile oil.