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 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Parachute (PAR) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate Parachute (PAR) Once your deposit has been approved, you'll directly have access to your assets and you can commence buying and trading. To buy Parachute (PAR) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. To locate Parachute (PAR), you'll need to put the shortname of the coin (PAR) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we have marked this also. Click on “PAR/BTC” to progress.
Step 4 – Purchasing Parachute (PAR) After you've spotted Parachute (PAR), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate Parachute (PAR) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of PAR you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole volumen of PAR. If you are glad, make a mouse click on “Buy PAR”. Your order will be filled when a Vender trades their PAR for the price you submitted.
Step 5 – Withdraw Parachute (PAR) Unless you are regularly trading, never keep your coins on an Exchange for an extensive time period. In order to withdraw your Parachute (PAR), hover over the tab called “Funds” and mouse click on “Withdraw”. Parachute (PAR) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Parachute (PAR) by using the given drop-down box. Put into the amount of Parachute (PAR) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.