A Step-by-Step-Guide on how to buy P2P Coin (P2P)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and getting your welcome 10 Dollar.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. P2P Coin (P2P) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find P2P Coin (P2P) Once your deposit has been confirmed, you will immediately have access to your funds and you can commence buying and trading. To purchase P2P Coin (P2P) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to spot P2P Coin (P2P), you will need to insert the cointype (P2P) into the search box, which is highlighted in the picture. Be certain of having selected the correct grouping, we've highlighted this also. Click on “P2P/BTC” to continue.
Step 4 – Buying P2P Coin (P2P) Once you've discovered P2P Coin (P2P), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're creating our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date rate P2P Coin (P2P) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of P2P you like to buy. The ”Total” field is the whole price in BTC that you will settle for the complete volumen of P2P. When you're happy, make a mouse click on “Buy P2P”. Your plan will be filled as soon as a Vender sells their P2P for the price you offered.
Step 5 – Withdraw (P2P) P2P Coin Unless you are trading, you should never keepyour coins on an Exchange for an extensive time period. In order to take off your (P2P) P2P Coin, hover over the ”Funds” tab and click on “Withdraw”. (P2P) P2P Coin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (P2P) P2P Coin by using the given drop-down box. Enter the quantity of (P2P) P2P Coin you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You could be asked for verfication via phone/email before a take off.