A Step-by-Step-Guide on how to buy PRASM (PSM)
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to buy units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and to get your first 10$.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. PRASM (PSM) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find (PSM) PRASM As soon as your deposit has been confirmed, you will directly have access to your assets and you can start buying and trading. To invest in (PSM) PRASM on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find (PSM) PRASM, you will need to insert the shortname of the coin (PSM) into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've highlighted this also. Click on “PSM/BTC” to progress.
Step 4 – Buying PRASM (PSM) As soon as you have discovered PRASM (PSM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're creating our Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff PRASM (PSM) was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of PSM you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole amount of PSM. When you are happy, click on “Buy PSM”. Your order will be filled as soon as a Vendor sells their PSM for the price you introduced.
Step 5 – Withdraw (PSM) PRASM Unless you are regularly trading, best advise is not to keep coins on an Crypto Exchange for an extensive time frame. To withdraw your (PSM) PRASM, hover over the tab called “Funds” and mouse click on “Withdraw”. (PSM) PRASM can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (PSM) PRASM by using the given drop-down box. Drop in the amount of (PSM) PRASM you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you are happy, click “Submit”. You may be requested for email/phone verification ahead of a take off.