A Step-by-Step-Guide on how to buy Primecoin (XPM)
Step 1 – Signup to CEX.io You'll first need to purchase one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) 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 similar. Primecoin (XPM) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum 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 – Find (XPM) Primecoin Once your deposit has been approved, you will immediately have access to your assets and you can commence buying and trading. To purchase (XPM) Primecoin on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to spot (XPM) Primecoin, you will need to insert the cointype (XPM) into the search box, which is marked in the image. Make sure you have selected the right pairing, we've marked this also. Click on “XPM/BTC” to proceed.
Step 4 – Buy Primecoin (XPM) As soon as you've discovered Primecoin (XPM), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're creating our Limit Order. The ”Price” field will be filled with the most recent valuation Primecoin (XPM) was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of XPM you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete amount of XPM. When you're happy, click on “Buy XPM”. Your plan will be filled as soon as a Seller trades their XPM for the price you offered.
Step 5 – Withdraw Primecoin (XPM) Unless you are regularly trading, never keep your coins on an Exchange for an extended time frame. In order to take off your Primecoin (XPM), go to the tab called “Funds” and click on “Withdraw”. Primecoin (XPM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Primecoin (XPM) by using the provided drop-down box. Drop in the amount of Primecoin (XPM) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you are glad, click “Submit”. You may be asked for email/phone verification before a take off.