A Step-by-Step-Guide on how to buy Orchid Protocol (OXT)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and to get Bitcoin or Ethereum.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need 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're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find (OXT) Orchid Protocol Once your deposit has been verified, you'll immediately have access to your assets and you can commence purchasing and trading. To purchase (OXT) Orchid Protocol on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to discover (OXT) Orchid Protocol, you'll need to insert the cointype (OXT) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we have marked this too. Click on “OXT/BTC” to go ahead.
Step 4 – Acquisition of Orchid Protocol (OXT) Once you have spotted Orchid Protocol (OXT), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent valuation Orchid Protocol (OXT) was sold for. You can change this to your desired rate. The ”Amount” field is the quantity of OXT you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete quantity of OXT. When you're happy, click on “Buy OXT”. Your order will be filled as soon as a Vender trades their OXT for the price you submitted.
Step 5 – Withdraw Orchid Protocol (OXT) Unless you're trading, best advise is not to keep your crypto coins on an Exchange for an extended time frame. To withdraw your Orchid Protocol (OXT), go to the ”Funds” tab and mouse click on “Withdraw”. Orchid Protocol (OXT) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Orchid Protocol (OXT) by using the given drop-down box. Enter the amount of Orchid Protocol (OXT) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you're glad, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.