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 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Hydro Protocol (HOT) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you have chosen the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate Hydro Protocol (HOT)

As soon as your deposit has been verified, you will directly have access to your funds and you can begin buying and trading. To purchase Hydro Protocol (HOT) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to discover Hydro Protocol (HOT), you will need to insert the shortname of the coin (HOT) into the search-box, which is highlighted in the image. Make sure you have selected the correct grouping, we've highlighted this too. Click on “HOT/BTC” to advance.

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

After you've spotted Hydro Protocol (HOT), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to create our own Limit Order.

The ”Price” field will be filled with the most latest valuation Hydro Protocol (HOT) was traded for. This can be changed to your favoured rate. The ”Amount” field is the volumen of HOT you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole quantity of HOT.

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

Step 5 – Withdraw Hydro Protocol (HOT)

Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer period of time. To withdraw your Hydro Protocol (HOT), hover over the ”Funds” tab and click on “Withdraw”. Hydro Protocol (HOT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Hydro Protocol (HOT) by using the provided drop-down box. Enter the volumen of Hydro Protocol (HOT) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you are satisfied, click on “Submit”. You could be asked for verfication via email/phone before a take off.

Binance Withdraw

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

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (HOT) Hydro Protocol is safe within 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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