A Step-by-Step-Guide on how to buy PROT (PROT)
Step 1 – Join Kraken You'll first need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. PROT (PROT) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate PROT (PROT) Once your deposit has been affirmed, you will instantly have access to your finances and you can initiate purchasing and trading. To purchase PROT (PROT) on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”. In order to locate PROT (PROT), you will need to put the shortname of the coin (PROT) into the search box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “PROT/BTC” to go ahead.
Step 4 – Purchasing PROT (PROT) Once you have discovered PROT (PROT), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest valuation PROT (PROT) was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of PROT you want to purchase. The ”Total” field is the whole price in Bitcoin that you will pay for the complete volumen of PROT. If you're happy, make a mouse click on “Buy PROT”. Your plan will be filled as soon as a Seller trades their PROT for the price you offered.
Step 5 – Withdraw PROT (PROT) Unless you are frequently trading, best advise is not to keep your crypto coins on an Exchange for an extensive time frame. To take off your PROT (PROT), go to the tab called “Funds” and mouse click on “Withdraw”. PROT (PROT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate PROT (PROT) by using the given drop-down box. Put into the quantity of PROT (PROT) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. If you are glad, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.