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 – Transfer Your Funds to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Phore (PHR) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find Phore (PHR) As soon as your deposit has been verified, you'll now have access to your assets and you can begin buying and trading. To purchase Phore (PHR) on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”. In order to spot Phore (PHR), you'll need to insert the shortname of the coin (PHR) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we've highlighted this too. Click on “PHR/BTC” to go on.
Step 4 – Purchasing Phore (PHR) Once you have found Phore (PHR), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are making our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate Phore (PHR) was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of PHR you want to buy. The ”Total” field is the aggregated price in BTC that you will settle for the complete volumen of PHR. When you're happy, make a mouse click on “Buy PHR”. Your order will be filled when a Vendor trades their PHR for the price you offered.
Step 5 – Withdraw Phore (PHR) Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an longer period of time. To take off your Phore (PHR), hover over the ”Funds” tab and mouse click on “Withdraw”. Phore (PHR) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Phore (PHR) by using the given drop-down box. Put into the amount of Phore (PHR) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. When you are glad, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.