A Step-by-Step-Guide on how to buy PalChain (PALT)
Step 1 – Signup to Kraken You will first need to purchase units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. PalChain (PALT) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate PalChain (PALT) Once your deposit has been verified, you'll now have access to your assets and you can initiate purchasing and trading. To purchase PalChain (PALT) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To find PalChain (PALT), you'll need to insert the cointype (PALT) into the search box, which is marked in the image. Be certain of having choosen the correct grouping, we have marked this too. Click on “PALT/BTC” to proceed.
Step 4 – Buying PalChain (PALT) Once you have discovered PalChain (PALT), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most recent valuation PalChain (PALT) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of PALT you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete quantity of PALT. When you're satisfied, make a mouse click on “Buy PALT”. Your order will be filled when a Seller sells their PALT for the price you introduced.
Step 5 – Withdraw PalChain (PALT) Unless you are frequently trading, never keep your crypto coins on an Crypto Exchange for an longer period of time. In order to take off your PalChain (PALT), go to the ”Funds” tab and click on “Withdraw”. PalChain (PALT) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate PalChain (PALT) by using the given drop-down box. Enter the volumen of PalChain (PALT) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.