How to Buy Papercoin (PAPER)

A Step-by-Step-Guide on 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).

Binance Signup
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Papercoin (PAPER) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find Papercoin (PAPER)

As soon as your deposit has been confirmed, you'll now have access to your assets and you can initiate invest and trading. To buy Papercoin (PAPER) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

To spot Papercoin (PAPER), you'll need to insert the short name of the asset (PAPER) into the search-box, which is marked in the picture. Make sure you have selected the proper grouping, we have marked this too. Click on “PAPER/BTC” to continue.

Binance Hot To Buy Papercoin (PAPER)
Binance How to Buy (PAPER) Papercoin
Step 4 – Purchasing Papercoin (PAPER)

Once you've located Papercoin (PAPER), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation Papercoin (PAPER) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of PAPER you wish to purchase. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete volumen of PAPER.

If you are happy, make a mouse click on “Buy PAPER”. Your order will be filled as soon as a Vendor trades their PAPER for the price you offered.

Step 5 – Withdraw Papercoin (PAPER)

Unless you are regularly trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. In order to take off your Papercoin (PAPER), hover over the ”Funds” tab and mouse click on “Withdraw”. Papercoin (PAPER) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Papercoin (PAPER) by using the given drop-down box. Drop in the volumen of Papercoin (PAPER) you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you're glad, click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Binance Withdraw

Congratulations! You have successfully purchased and safed Papercoin (PAPER).

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the (PAPER) Papercoin is stored within your wallet, you are done.

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