A Step-by-Step-Guide on how to buy P2P (P2P)
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome 10$.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. P2P (P2P) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find (P2P) P2P As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can start buying and trading. To buy (P2P) P2P on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. To discover (P2P) P2P, you'll need to insert the cointype (P2P) into the search-box, which is marked in the picture. Be certain of having selected the right pairing, we've marked this also. Click on “P2P/BTC” to progress.
Step 4 – Purchase P2P (P2P) As soon as you've discovered P2P (P2P), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be filled with the latest price P2P (P2P) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of P2P you want to buy. The ”Total” field is the aggregated price in BTC that you will pay for the complete amount of P2P. If you're glad, click on “Buy P2P”. Your order will be filled when a Vender trades their P2P for the price you submitted.
Step 5 – Withdraw (P2P) P2P Unless you are frequently trading, never keep your crypto coins on an Crypto Exchange for an extended period of time. To withdraw your (P2P) P2P, hover over the ”Funds” tab and click on “Withdraw”. (P2P) P2P can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (P2P) P2P by using the given drop-down box. Drop in the amount of (P2P) P2P you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you are glad, click on “Submit”. You may be requested for verfication via email/phone before a take off.