A Step-by-Step-Guide on how to buy Parachute (PAR)
Step 1 – Join Kraken You'll first need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Parachute (PAR) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Parachute (PAR) Once your deposit has been verified, you will directly have access to your finances and you can commence purchasing and trading. To buy Parachute (PAR) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To spot Parachute (PAR), you'll need to insert the cointype (PAR) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we have marked this too. Click on “PAR/BTC” to go on.
Step 4 – Buying Parachute (PAR) After you've spotted Parachute (PAR), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're going to create our own Limit Order. The ”Price” field will be filled with the most up-to-date valuation Parachute (PAR) was traded for. This can be changed to your desired rate. The ”Amount” field is the quantity of PAR you like to purchase. The ”Total” field is the whole price in Bitcoin that you'll settle for the complete volumen of PAR. If you're satisfied, click on “Buy PAR”. Your plan will be filled when a Vendor sells their PAR for the price you offered.
Step 5 – Withdraw Parachute (PAR) Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time frame. In order to withdraw your Parachute (PAR), go to the tab called “Funds” and click on “Withdraw”. Parachute (PAR) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Parachute (PAR) by using the provided drop-down box. Drop in the volumen of Parachute (PAR) you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.