How to Buy Papercoin (PAPER)

Step 1 – Join Kraken

You will first need to buy one of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Papercoin (PAPER) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate Papercoin (PAPER)

Once your deposit has been confirmed, you'll directly have access to your finances and you can begin purchasing and trading. To invest in Papercoin (PAPER) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To locate Papercoin (PAPER), you will need to insert the cointype (PAPER) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we have marked this also. Click on “PAPER/BTC” to go ahead.

Step 4 – Buy Papercoin (PAPER)

As soon as you have discovered Papercoin (PAPER), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest rate Papercoin (PAPER) was traded for. This can be changed to your desired price. The ”Amount” field is the quantity of PAPER you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole amount of PAPER.

When you're glad, make a mouse click on “Buy PAPER”. Your order will be filled when a Vendor trades their PAPER for the price you introduced.

Step 5 – Withdraw Papercoin (PAPER)

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an extended time frame. To take off your Papercoin (PAPER), go to the ”Funds” tab and mouse click on “Withdraw”. Papercoin (PAPER) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Papercoin (PAPER) by using the given drop-down box. Enter the quantity of Papercoin (PAPER) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, click on “Submit”. You could be asked for phone/email verification ahead of a take off.