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.

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. pTokens BTC (PBTC) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're working 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 approved, you'll now have access to your finances and you can launch purchasing and trading. To purchase pTokens BTC (PBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate pTokens BTC (PBTC), you will need to insert the shortname of the coin (PBTC) into the search-box, which is marked in the graphic. Make sure you have selected the right pairing, we have highlighted this too. Click on “PBTC/BTC” to progress.

Step 4 – Acquisition of pTokens BTC (PBTC)

Once you've discovered pTokens BTC (PBTC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are making our own Limit Order.

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

When you're happy, 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, best advise is not to keep crypto coins on an Crypto Trader for an longer time frame. In order to withdraw your pTokens BTC (PBTC), go to the tab called “Funds” and mouse click on “Withdraw”. pTokens BTC (PBTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate pTokens BTC (PBTC) by using the given drop-down box. Drop in the amount of pTokens BTC (PBTC) you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.