A Step-by-Step-Guide on how to buy Orchid Protocol (OXT)
Step 1 – Join Kraken You will first need to purchase one of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Orchid Protocol (OXT) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find Orchid Protocol (OXT) Once your deposit has been confirmed, you will immediately have access to your funds and you can begin buying and trading. To invest in Orchid Protocol (OXT) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To spot Orchid Protocol (OXT), you will need to put the short name of the asset (OXT) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we've highlighted this also. Click on “OXT/BTC” to advance.
Step 4 – Purchase Orchid Protocol (OXT) Once you've spotted Orchid Protocol (OXT), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to create our Limit Order. The ”Price” field will be filled with the recent valuation Orchid Protocol (OXT) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of OXT you want to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the complete volumen of OXT. If you are glad, make a mouse click on “Buy OXT”. Your order will be filled when a Vendor sells their OXT for the price you offered.
Step 5 – Withdraw Orchid Protocol (OXT) Unless you are frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive time frame. To take off your Orchid Protocol (OXT), go to the ”Funds” tab and click on “Withdraw”. Orchid Protocol (OXT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Orchid Protocol (OXT) by using the provided drop-down box. Put into the amount of Orchid Protocol (OXT) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.