How to Buy Photon (PHO)

A Step-by-Step-Guide on how to buy Photon (PHO)

Step 1 – Signup to Kraken

You will first need to purchase units of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and receive Ethereum or Bitcoin.

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Photon (PHO) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate Photon (PHO)

As soon as your deposit has been confirmed, you will immediately have access to your funds and you can begin invest and trading. To purchase Photon (PHO) on Binance, you will want to go to the ”Exchange” tab and mouse click on “Basic”.

In order to spot Photon (PHO), you will need to put the short name of the asset (PHO) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we've highlighted this too. Click on “PHO/BTC” to go on.

Binance Hot To Buy Photon (PHO)
Binance How to Buy (PHO) Photon
Step 4 – Buy Photon (PHO)

After you've discovered Photon (PHO), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to create our Limit Order.

The field with the “Price” tag will be filled with the recent valuation Photon (PHO) was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of PHO you wish to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of PHO.

When you're happy, click on “Buy PHO”. Your plan will be filled as soon as a Vender sells their PHO for the price you introduced.

Step 5 – Withdraw Photon (PHO)

Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an longer period of time. To withdraw your Photon (PHO), hover over the tab called “Funds” and click on “Withdraw”. Photon (PHO) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Photon (PHO) by using the given drop-down box. Put into the quantity of Photon (PHO) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

If you are glad, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.

Binance Withdraw

Kudos! You've successfully purchased and safed Photon (PHO).

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (PHO) Photon is safe within your wallet, you're done.

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