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 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Hydro Protocol (HOT) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you've chosen the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find Hydro Protocol (HOT)

As soon as your deposit has been affirmed, you'll now have access to your finances and you can commence invest and trading. To purchase Hydro Protocol (HOT) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

To locate Hydro Protocol (HOT), you'll need to insert the short name of the asset (HOT) into the search box, which is marked in the image. Make sure you have selected the right grouping, we've highlighted this too. Click on “HOT/BTC” to go ahead.

Step 4 – Buying Hydro Protocol (HOT)

After you have discovered Hydro Protocol (HOT), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent rate Hydro Protocol (HOT) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of HOT you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole quantity of HOT.

When you're glad, click on “Buy HOT”. Your plan will be filled when a Seller trades their HOT for the price you offered.

Step 5 – Withdraw Hydro Protocol (HOT)

Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Hydro Protocol (HOT), go to the ”Funds” tab and 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 provided drop-down box. Enter the amount of Hydro Protocol (HOT) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

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