A Step-by-Step-Guide on how to buy Injective Protocol (INJ)
Step 1 – Join Kraken In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Injective Protocol (INJ) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Injective Protocol (INJ) As soon as your deposit has been approved, you will instantly have access to your finances and you can launch purchasing and trading. To invest in Injective Protocol (INJ) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to discover Injective Protocol (INJ), you'll need to put the cointype (INJ) into the search box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've marked this also. Click on “INJ/BTC” to go ahead.
Step 4 – Buying Injective Protocol (INJ) After you've found Injective Protocol (INJ), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most latest valuation Injective Protocol (INJ) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of INJ you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete amount of INJ. When you are glad, click on “Buy INJ”. Your plan will be filled when a Seller sells their INJ for the price you gave.
Step 5 – Withdraw Injective Protocol (INJ) Unless you're regularly trading, best advise is not to keep your coins on an Exchange for an extensive time period. In order to take off your Injective Protocol (INJ), hover over the tab called “Funds” and mouse click on “Withdraw”. Injective Protocol (INJ) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Injective Protocol (INJ) by using the provided drop-down box. Drop in the amount of Injective Protocol (INJ) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.