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 – Transmit Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Phore (PHR) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find Phore (PHR) As soon as your deposit has been approved, you'll now have access to your assets and you can initiate buying and trading. To invest in Phore (PHR) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to locate Phore (PHR), you will need to put the cointype (PHR) into the search box, which is marked in the graphic. Make sure you have selected the correct pairing, we have highlighted this also. Click on “PHR/BTC” to go on.
Step 4 – Purchasing Phore (PHR) Once you've located Phore (PHR), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation Phore (PHR) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of PHR you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole amount of PHR. When you're glad, click on “Buy PHR”. Your order will be filled as soon as a Vendor sells their PHR for the price you gave.
Step 5 – Withdraw Phore (PHR) Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your Phore (PHR), go to the ”Funds” tab and click on “Withdraw”. Phore (PHR) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Phore (PHR) by using the given drop-down box. Enter the amount of Phore (PHR) you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You may be asked for verfication via phone/email before a withdrawal.
Kudos! You've successfully purchased and stored Phore (PHR).That's it! Withdrawals from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (PHR) Phore is stored in your wallet, you are done.
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