How to Buy Ocean Protocol (OCEAN)

A Step-by-Step-Guide on how to buy Ocean Protocol (OCEAN)

Step 1 – Join Kraken

You will first need to purchase units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and getting Funds.

Binance Signup
Step 2 – Send Your Funds to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Ocean Protocol (OCEAN) 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? (Just follow this guide)

Make sure you've selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find Ocean Protocol (OCEAN)

Once your deposit has been affirmed, you'll immediately have access to your assets and you can begin purchasing and trading. To purchase Ocean Protocol (OCEAN) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to find Ocean Protocol (OCEAN), you'll need to put the cointype (OCEAN) into the search-box, which is highlighted in the image. Make sure you have choosen the right grouping, we have marked this also. Click on “OCEAN/BTC” to go ahead.

Binance Hot To Buy Ocean Protocol (OCEAN)
Binance How to Buy (OCEAN) Ocean Protocol
Step 4 – Buy Ocean Protocol (OCEAN)

As soon as you've located Ocean Protocol (OCEAN), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date tariff Ocean Protocol (OCEAN) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of OCEAN you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole amount of OCEAN.

When you are satisfied, click on “Buy OCEAN”. Your order will be filled as soon as a Vendor sells their OCEAN for the price you introduced.

Step 5 – Withdraw Ocean Protocol (OCEAN)

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an extensive time period. To withdraw your Ocean Protocol (OCEAN), go to the tab called “Funds” and click on “Withdraw”. Ocean Protocol (OCEAN) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Ocean Protocol (OCEAN) by using the given drop-down box. Put into the amount of Ocean Protocol (OCEAN) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you are glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

Kudos! You've successfully bought and safed Ocean Protocol (OCEAN).

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the (OCEAN) Ocean Protocol is safe in your wallet, you are all done.

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