A Step-by-Step-Guide on how to buy PhoenixDAO (PHNX)
Step 1 – Join Kraken You'll first need to purchase units of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive Funds.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. PhoenixDAO (PHNX) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate PhoenixDAO (PHNX) As soon as your deposit has been affirmed, you will immediately have access to your finances and you can initiate invest and trading. To purchase PhoenixDAO (PHNX) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To find PhoenixDAO (PHNX), you will need to insert the cointype (PHNX) into the search box, which is marked in the picture. Be certain of having selected the correct grouping, we have marked this too. Click on “PHNX/BTC” to go on.
Step 4 – Purchasing PhoenixDAO (PHNX) As soon as you've discovered PhoenixDAO (PHNX), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are going to create our own Limit Order. The ”Price” field will be automatically filled with the up-to-date rate PhoenixDAO (PHNX) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of PHNX you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole amount of PHNX. If you're satisfied, click on “Buy PHNX”. Your order will be filled as soon as a Vendor trades their PHNX for the price you offered.
Step 5 – Withdraw PhoenixDAO (PHNX) Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer time frame. In order to take off your PhoenixDAO (PHNX), hover over the tab called “Funds” and click on “Withdraw”. PhoenixDAO (PHNX) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate PhoenixDAO (PHNX) by using the given drop-down box. Drop in the amount of PhoenixDAO (PHNX) you would like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.