How to Buy pTokens BTC (PBTC)

A Step-by-Step-Guide on how to buy pTokens BTC (PBTC)

Step 1 – Join Kraken

You'll first need to buy units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and to get Ethereum or Bitcoin.

Binance Signup
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. pTokens BTC (PBTC) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find pTokens BTC (PBTC)

As soon as your deposit has been verified, you'll immediately have access to your assets and you can launch invest and trading. To invest in pTokens BTC (PBTC) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot pTokens BTC (PBTC), you'll need to insert the shortname of the coin (PBTC) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we have highlighted this too. Click on “PBTC/BTC” to go on.

Binance Hot To Buy pTokens BTC (PBTC)
Binance How to Buy (PBTC) pTokens BTC
Step 4 – Acquisition of pTokens BTC (PBTC)

After you have located pTokens BTC (PBTC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order.

The field with the “Price” tag will be filled with the most recent tariff pTokens BTC (PBTC) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of PBTC you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole quantity of PBTC.

If you are satisfied, make a mouse click on “Buy PBTC”. Your order will be filled when a Seller trades their PBTC for the price you offered.

Step 5 – Withdraw pTokens BTC (PBTC)

Unless you're frequently trading, never keep your crypto on an Exchange for an extended time frame. In order to withdraw your pTokens BTC (PBTC), go to the tab called “Funds” and click on “Withdraw”. pTokens BTC (PBTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate pTokens BTC (PBTC) by using the given drop-down box. Enter the volumen of pTokens BTC (PBTC) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you are happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Binance Withdraw

Kudos! You have successfully bought and stored pTokens BTC (PBTC).

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your take off with Etherscan.io or Ethplorer.io and the (PBTC) pTokens BTC is stored in your wallet, you are done.

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