How to Buy Parachute (PAR)

A Step-by-Step-Guide on how to buy Parachute (PAR)

Step 1 – Join CEX.io

You will first need to buy one of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and receive Bitcoin or Ethereum.

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Parachute (PAR) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've chosen the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate (PAR) Parachute

As soon as your deposit has been verified, you'll immediately have access to your assets and you can begin buying and trading. To buy (PAR) Parachute on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”.

To spot (PAR) Parachute, you'll need to insert the cointype (PAR) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “PAR/BTC” to go ahead.

Binance Hot To Buy Parachute (PAR)
Binance How to Buy (PAR) Parachute
Step 4 – Purchasing Parachute (PAR)

Once you have spotted Parachute (PAR), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're making our own Limit Order.

The ”Price” field will be filled with the latest rate Parachute (PAR) was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of PAR you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete quantity of PAR.

When you're glad, click on “Buy PAR”. Your plan will be filled as soon as a Vendor trades their PAR for the price you gave.

Step 5 – Withdraw Parachute (PAR)

Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an longer period of time. To withdraw your Parachute (PAR), hover over the ”Funds” tab and mouse click on “Withdraw”. Parachute (PAR) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Parachute (PAR) by using the provided drop-down box. Put into the amount of Parachute (PAR) you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, click “Submit”. You could be requested for email/phone verification before a withdrawal.

Binance Withdraw

Congrats! You have successfully bought and stored Parachute (PAR).

That's it!

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