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 BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Hydro Protocol (HOT) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find Hydro Protocol (HOT)

As soon as your deposit has been affirmed, you will instantly have access to your funds and you can start purchasing and trading. To buy Hydro Protocol (HOT) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To find Hydro Protocol (HOT), you will need to insert the cointype (HOT) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we've marked 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 – Purchasing Hydro Protocol (HOT)

After you've discovered Hydro Protocol (HOT), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the most recent tariff Hydro Protocol (HOT) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of HOT you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole quantity of HOT.

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

Step 5 – Withdraw Hydro Protocol (HOT)

Unless you're trading, never keep your crypto on an Exchange for an extended time frame. In order to take off your Hydro Protocol (HOT), go to the tab called “Funds” and mouse click on “Withdraw”. Hydro Protocol (HOT) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Hydro Protocol (HOT) by using the given drop-down box. Enter the quantity of Hydro Protocol (HOT) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

When you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Binance Withdraw

Congratulations! You have successfully purchased and safed Hydro Protocol (HOT).

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (HOT) Hydro Protocol is safe within your wallet, you are all done.

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