A Step-by-Step-Guide on how to buy Phore (PHR)
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Phore (PHR) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have selected the correct coin you would like to deposit. Bitcoin 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 divergent (Follow our manual).
Step 3 – Locate Phore (PHR) As soon as your deposit has been approved, you will immediately have access to your finances and you can launch purchasing and trading. To purchase Phore (PHR) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to spot Phore (PHR), you'll need to put the cointype (PHR) into the search box, which is highlighted in the image. Be certain of having selected the correct pairing, we have marked this too. Click on “PHR/BTC” to continue.
Step 4 – Buy Phore (PHR) Once you have located Phore (PHR), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order. The ”Price” field will be automatically filled with the most latest rate Phore (PHR) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of PHR you wish to purchase. The ”Total” field is the total price in Bitcoin that you will pay for the whole amount of PHR. If you are glad, make a mouse click on “Buy PHR”. Your order will be filled as soon as a Vendor trades their PHR for the price you offered.
Step 5 – Withdraw Phore (PHR) Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer time frame. To take off your Phore (PHR), go to the tab called “Funds” and click on “Withdraw”. Phore (PHR) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Phore (PHR) by using the provided drop-down box. Enter the amount of Phore (PHR) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click “Submit”. You may be requested for email/phone verification before a take off.