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 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. pTokens BTC (PBTC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have chosen the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate pTokens BTC (PBTC)

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

To locate pTokens BTC (PBTC), you will need to put the shortname of the coin (PBTC) into the search-box, which is marked in the picture. Be certain of having choosen the right pairing, we have marked 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 – Purchasing pTokens BTC (PBTC)

After you have located pTokens BTC (PBTC), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date price pTokens BTC (PBTC) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of PBTC you want to buy. The ”Total” field is the whole price in BTC that you'll pay for the complete quantity of PBTC.

If you're glad, make a mouse click on “Buy PBTC”. Your plan will be filled as soon as a Vender sells their PBTC for the price you submitted.

Step 5 – Withdraw pTokens BTC (PBTC)

Unless you are regularly trading, best advise is not to keep your coins on an Exchange for an extended time period. To withdraw your pTokens BTC (PBTC), go to the ”Funds” tab and click on “Withdraw”. pTokens BTC (PBTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate pTokens BTC (PBTC) by using the provided drop-down box. Drop in the amount of pTokens BTC (PBTC) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you are happy, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Binance Withdraw

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

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the (PBTC) pTokens BTC is stored in your wallet, you're done.

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