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 – Send Your Bitcoin or Ethereum to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Injective Protocol (INJ) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Locate Injective Protocol (INJ) Once your deposit has been approved, you'll now have access to your funds and you can start purchasing and trading. To purchase Injective Protocol (INJ) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To discover Injective Protocol (INJ), you will need to insert the cointype (INJ) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we have marked this too. Click on “INJ/BTC” to go ahead.
Step 4 – Buy Injective Protocol (INJ) Once you've spotted Injective Protocol (INJ), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are creating our own Limit Order. The ”Price” field will be filled with the most latest price Injective Protocol (INJ) was traded for. You can change this to your desired rate. The ”Amount” field is the amount of INJ you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole amount of INJ. When you are satisfied, make a mouse click on “Buy INJ”. Your plan will be filled when a Seller trades their INJ for the price you gave.
Step 5 – Withdraw Injective Protocol (INJ) Unless you are regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your Injective Protocol (INJ), go to the ”Funds” tab and click on “Withdraw”. Injective Protocol (INJ) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Injective Protocol (INJ) by using the provided drop-down box. Enter the volumen of Injective Protocol (INJ) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, click on “Submit”. You may be asked for email/phone verification before a withdrawal.