A Step-by-Step-Guide on how to buy Peony Coin (PNY)
Step 1 – Join Kraken You'll first need to purchase one of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and getting BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Peony Coin (PNY) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Locate Peony Coin (PNY) As soon as your deposit has been verified, you'll now have access to your funds and you can initiate invest and trading. To purchase Peony Coin (PNY) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Peony Coin (PNY), you'll need to put the shortname of the coin (PNY) into the search-box, which is marked in the picture. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “PNY/BTC” to go on.
Step 4 – Acquisition of Peony Coin (PNY) As soon as you've spotted Peony Coin (PNY), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff Peony Coin (PNY) was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of PNY you want to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the whole volumen of PNY. If you are glad, make a mouse click on “Buy PNY”. Your plan will be filled as soon as a Vender trades their PNY for the price you offered.
Step 5 – Withdraw Peony Coin (PNY) Unless you're regularly trading, you should never keepyour crypto on an Exchange for an extensive time period. In order to take off your Peony Coin (PNY), hover over the tab called “Funds” and click on “Withdraw”. Peony Coin (PNY) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Peony Coin (PNY) by using the provided drop-down box. Drop in the amount of Peony Coin (PNY) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you are happy, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.