How to Buy Hydro Protocol (HOT)

A Step-by-Step-Guide on 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).

Binance Signup
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Hydro Protocol (HOT) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

Make sure you've selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate Hydro Protocol (HOT)

As soon as your deposit has been confirmed, you will directly have access to your funds and you can initiate purchasing and trading. To invest in Hydro Protocol (HOT) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find Hydro Protocol (HOT), you will need to insert the cointype (HOT) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we've highlighted this too. Click on “HOT/BTC” to go on.

Binance Hot To Buy Hydro Protocol (HOT)
Binance How to Buy (HOT) Hydro Protocol
Step 4 – Purchase Hydro Protocol (HOT)

Once you have located Hydro Protocol (HOT), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent rate Hydro Protocol (HOT) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of HOT you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete amount of HOT.

When you're happy, make a mouse click on “Buy HOT”. Your plan will be filled when a Vendor sells their HOT for the price you introduced.

Step 5 – Withdraw Hydro Protocol (HOT)

Unless you're regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer time frame. In order to take off your Hydro Protocol (HOT), go to the tab called “Funds” and click on “Withdraw”. Hydro Protocol (HOT) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Hydro Protocol (HOT) by using the provided drop-down box. Drop in the amount of Hydro Protocol (HOT) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

When you're satisfied, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Binance Withdraw

Congrats! You've successfully bought and stored Hydro Protocol (HOT).

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (HOT) Hydro Protocol is safe inside your wallet, you are finished.

Some other Guides on How to buy Coins

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How to Buy Coins
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