How to Buy PETROLEUM (OIL)

A Step-by-Step-Guide on how to buy PETROLEUM (OIL)

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and receive your first $10.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. PETROLEUM (OIL) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

Make sure you have chosen the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find (OIL) PETROLEUM

As soon as your deposit has been affirmed, you will instantly have access to your assets and you can launch buying and trading. To purchase (OIL) PETROLEUM on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

In order to find (OIL) PETROLEUM, you will need to insert the short name of the asset (OIL) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we've highlighted this also. Click on “OIL/BTC” to continue.

Binance Hot To Buy PETROLEUM (OIL)
Binance How to Buy (OIL) PETROLEUM
Step 4 – Purchase PETROLEUM (OIL)

Once you've found PETROLEUM (OIL), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to create our own Limit Order.

The ”Price” field will be automatically filled with the latest rate PETROLEUM (OIL) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of OIL you wish to buy. The ”Total” field is the whole price in BTC that you'll settle for the complete quantity of OIL.

When you're glad, make a mouse click on “Buy OIL”. Your order will be filled as soon as a Vender trades their OIL for the price you gave.

Step 5 – Withdraw (OIL) PETROLEUM

Unless you're frequently trading, you should never keepyour coins on an Crypto Trader for an longer period of time. In order to withdraw your (OIL) PETROLEUM, go to the tab called “Funds” and mouse click on “Withdraw”. (OIL) PETROLEUM can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (OIL) PETROLEUM by using the provided drop-down box. Put into the volumen of (OIL) PETROLEUM you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

When you're happy, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Binance Withdraw

Congrats! You have successfully bought and safed (OIL) PETROLEUM.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the (OIL) PETROLEUM is stored within your wallet, you are finished.