A Step-by-Step-Guide on how to buy PCHAIN (PI)
Step 1 – Signup to Kraken You'll first need to buy one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and getting Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. PCHAIN (PI) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate PCHAIN (PI) As soon as your deposit has been approved, you'll immediately have access to your finances and you can initiate purchasing and trading. To invest in PCHAIN (PI) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot PCHAIN (PI), you'll need to insert the shortname of the coin (PI) into the search-box, which is highlighted in the picture. Make sure you have selected the proper pairing, we have highlighted this too. Click on “PI/BTC” to go on.
Step 4 – Buy PCHAIN (PI) After you've discovered PCHAIN (PI), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate PCHAIN (PI) was sold for. You can change this to your favoured rate. The ”Amount” field is the quantity of PI you want to purchase. The ”Total” field is the total price in BTC that you'll pay for the whole amount of PI. When you're glad, make a mouse click on “Buy PI”. Your plan will be filled when a Vender sells their PI for the price you introduced.
Step 5 – Withdraw PCHAIN (PI) Unless you're regularly trading, you should never keepyour coins on an Exchange for an extended period of time. To withdraw your PCHAIN (PI), hover over the ”Funds” tab and click on “Withdraw”. PCHAIN (PI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate PCHAIN (PI) by using the given drop-down box. Drop in the quantity of PCHAIN (PI) you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, click on “Submit”. You may be requested for email/phone verification ahead of a take off.