A Step-by-Step-Guide on how to buy Primecoin (XPM)
Step 1 – Join Kraken You'll first need to buy one of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and to get Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Primecoin (XPM) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Primecoin (XPM) As soon as your deposit has been confirmed, you will instantly have access to your assets and you can begin buying and trading. To purchase Primecoin (XPM) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. To discover Primecoin (XPM), you will need to put the shortname of the coin (XPM) into the search-box, which is highlighted in the picture. Make sure you have selected the proper pairing, we've highlighted this too. Click on “XPM/BTC” to advance.
Step 4 – Buying Primecoin (XPM) Once you've spotted Primecoin (XPM), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're making our own Limit Order. The ”Price” field will be automatically filled with the most recent tariff Primecoin (XPM) was sold for. You can change this to your favoured rate. The ”Amount” field is the amount of XPM you want to purchase. The ”Total” field is the whole price in BTC that you will settle for the complete amount of XPM. When you're glad, make a mouse click on “Buy XPM”. Your plan will be filled as soon as a Seller sells their XPM for the price you offered.
Step 5 – Withdraw Primecoin (XPM) Unless you're trading, best advise is not to keep your coins on an Crypto Trader for an extensive time period. In order to take off your Primecoin (XPM), go to the tab called “Funds” and click on “Withdraw”. Primecoin (XPM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Primecoin (XPM) by using the given drop-down box. Put into the volumen of Primecoin (XPM) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, click on “Submit”. You may be requested for verfication via phone/email before a take off.