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 ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. pTokens BTC (PBTC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

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

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

Step 3 – Find pTokens BTC (PBTC)

As soon as your deposit has been verified, you will now have access to your assets and you can launch purchasing and trading. To purchase pTokens BTC (PBTC) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to spot pTokens BTC (PBTC), you will need to insert the cointype (PBTC) into the search box, which is highlighted in the image. Make sure you have choosen the right grouping, we have highlighted this too. Click on “PBTC/BTC” to proceed.

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

As soon as you've found pTokens BTC (PBTC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order.

The ”Price” field will be filled automatically with the most recent price pTokens BTC (PBTC) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of PBTC you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete amount of PBTC.

If you are happy, make a mouse click on “Buy PBTC”. Your order will be filled as soon as a Vendor trades their PBTC for the price you introduced.

Step 5 – Withdraw pTokens BTC (PBTC)

Unless you are frequently trading, best advise is not to keep your coins on an Crypto Exchange for an extended time frame. To withdraw your pTokens BTC (PBTC), hover over the tab called “Funds” and click on “Withdraw”. pTokens BTC (PBTC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find pTokens BTC (PBTC) by using the provided drop-down box. Enter the volumen of pTokens BTC (PBTC) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you are happy, make a mouse click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Binance Withdraw

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

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the (PBTC) pTokens BTC is stored in your wallet, you're all done.