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 – Transmit Your Funds 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 identical. Peony Coin (PNY) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Peony Coin (PNY) Once your deposit has been verified, you'll directly have access to your finances and you can start invest and trading. To purchase Peony Coin (PNY) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. In order to discover Peony Coin (PNY), you'll need to insert the cointype (PNY) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this also. Click on “PNY/BTC” to proceed.
Step 4 – Purchasing Peony Coin (PNY) Once you have found Peony Coin (PNY), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are going to create our Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate Peony Coin (PNY) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of PNY you like to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole volumen of PNY. When you are happy, make a mouse click on “Buy PNY”. Your plan will be filled as soon as a Vender trades their PNY for the price you submitted.
Step 5 – Withdraw Peony Coin (PNY) Unless you are frequently trading, never keep your crypto coins on an Crypto Trader for an extended time period. In order to take off your Peony Coin (PNY), go to the tab called “Funds” and mouse 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 volumen of Peony Coin (PNY) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click on “Submit”. You may be asked for phone/email verification before a take off.