How to Buy Hydro Protocol (HOT)

Step 1 – Join Kraken

You will first need to buy units of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and getting BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Hydro Protocol (HOT) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have selected the precise coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find Hydro Protocol (HOT)

Once your deposit has been verified, you will now have access to your assets and you can initiate purchasing and trading. To buy Hydro Protocol (HOT) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”.

To discover Hydro Protocol (HOT), you will need to put the cointype (HOT) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we've highlighted this also. Click on “HOT/BTC” to proceed.

Step 4 – Purchasing Hydro Protocol (HOT)

Once you've discovered Hydro Protocol (HOT), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we are creating our own Limit Order.

The ”Price” field will be filled automatically with the most up-to-date tariff Hydro Protocol (HOT) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of HOT you want to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the complete quantity of HOT.

If you are glad, make a mouse click on “Buy HOT”. Your plan will be filled as soon as a Vendor trades their HOT for the price you submitted.

Step 5 – Withdraw Hydro Protocol (HOT)

Unless you are frequently trading, best advise is not to keep your coins on an Crypto Exchange for an extended time frame. To take off your Hydro Protocol (HOT), hover over the tab called “Funds” and mouse click on “Withdraw”. Hydro Protocol (HOT) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Hydro Protocol (HOT) by using the provided drop-down box. Enter the amount of Hydro Protocol (HOT) you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you are glad, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.