A Step-by-Step-Guide on how to buy Primecoin (XPM)
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting your first 10$.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Primecoin (XPM) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you have selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Primecoin (XPM) As soon as your deposit has been confirmed, you will immediately have access to your funds and you can start buying and trading. To purchase Primecoin (XPM) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. In order to locate Primecoin (XPM), you will need to insert the cointype (XPM) into the search-box, which is highlighted in the image. Make sure you have selected the right grouping, we have highlighted this too. Click on “XPM/BTC” to proceed.
Step 4 – Buy (XPM) Primecoin As soon as you've found (XPM) Primecoin, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're making our own Limit Order. The ”Price” field will be filled automatically with the most latest price (XPM) Primecoin was sold for. This can be changed to your preferred rate. The ”Amount” field is the amount of XPM you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole amount of XPM. If you are glad, click on “Buy XPM”. Your order will be filled as soon as a Vendor trades their XPM for the price you offered.
Step 5 – Withdraw Primecoin (XPM) Unless you're frequently trading, never keep your crypto coins on an Crypto Trader for an extended period of time. To take off your Primecoin (XPM), hover over the ”Funds” tab and mouse click on “Withdraw”. Primecoin (XPM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Primecoin (XPM) by using the given drop-down box. Drop in the amount of Primecoin (XPM) you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You could be requested for phone/email verification ahead of a withdrawal.