A Step-by-Step-Guide on how to buy Potcoin (POT)
Step 1 – Join Kraken You will first need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and receive Funds.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Potcoin (POT) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Potcoin (POT) As soon as your deposit has been verified, you'll directly have access to your finances and you can initiate buying and trading. To purchase Potcoin (POT) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To find Potcoin (POT), you'll need to insert the shortname of the coin (POT) into the search box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have highlighted this too. Click on “POT/BTC” to proceed.
Step 4 – Buying Potcoin (POT) As soon as you've discovered Potcoin (POT), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our own Limit Order. The ”Price” field will be filled with the most recent price Potcoin (POT) was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of POT you wish to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the complete volumen of POT. When you are glad, make a mouse click on “Buy POT”. Your order will be filled when a Seller sells their POT for the price you introduced.
Step 5 – Withdraw Potcoin (POT) Unless you're frequently trading, best advise is not to keep your crypto on an Exchange for an extensive time frame. In order to withdraw your Potcoin (POT), go to the ”Funds” tab and click on “Withdraw”. Potcoin (POT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Potcoin (POT) by using the given drop-down box. Put into the amount of Potcoin (POT) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you're happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.