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 Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Injective Protocol (INJ) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate Injective Protocol (INJ) Once your deposit has been verified, you will instantly have access to your finances and you can initiate buying and trading. To invest in Injective Protocol (INJ) on Binance, you will want to go to the ”Exchange” tab and click on “Basic”. To locate Injective Protocol (INJ), you will need to put the short name of the asset (INJ) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we have marked this also. Click on “INJ/BTC” to go ahead.
Step 4 – Buy Injective Protocol (INJ) After you have located Injective Protocol (INJ), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The ”Price” field will be filled with the up-to-date rate Injective Protocol (INJ) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of INJ you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete amount of INJ. When you are satisfied, make a mouse click on “Buy INJ”. Your order will be filled when a Seller trades their INJ for the price you offered.
Step 5 – Withdraw Injective Protocol (INJ) Unless you're frequently trading, best advise is not to keep coins on an Crypto Trader for an extensive time frame. To withdraw your Injective Protocol (INJ), hover over the ”Funds” tab and mouse click on “Withdraw”. Injective Protocol (INJ) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Injective Protocol (INJ) by using the provided drop-down box. Put into the amount of Injective Protocol (INJ) you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you're happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.