A Step-by-Step-Guide on how to buy Phore (PHR)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and to get your welcome 10$.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Phore (PHR) is available 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've selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find (PHR) Phore Once your deposit has been approved, you will instantly have access to your funds and you can initiate purchasing and trading. To purchase (PHR) Phore on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To find (PHR) Phore, you will need to insert the shortname of the coin (PHR) into the search box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we've highlighted this too. Click on “PHR/BTC” to go on.
Step 4 – Buy Phore (PHR) Once you've spotted Phore (PHR), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the latest rate Phore (PHR) was traded for. You can change this to your favoured rate. The ”Amount” field is the quantity of PHR you wish to buy. The ”Total” field is the aggregated price in BTC that you'll pay for the whole quantity of PHR. If you are satisfied, click on “Buy PHR”. Your plan will be filled when a Seller sells their PHR for the price you offered.
Step 5 – Withdraw Phore (PHR) Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time period. To withdraw your Phore (PHR), go to the ”Funds” tab and mouse click on “Withdraw”. Phore (PHR) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Phore (PHR) by using the provided drop-down box. Put into the amount of Phore (PHR) you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are glad, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.