A Step-by-Step-Guide on how to buy Unit Protocol (COL)
Step 1 – Signup to Kraken You will first need to purchase one of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and getting Funds.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Unit Protocol (COL) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Unit Protocol (COL) As soon as your deposit has been verified, you will immediately have access to your funds and you can initiate purchasing and trading. To purchase Unit Protocol (COL) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To locate Unit Protocol (COL), you will need to put the short name of the asset (COL) into the search box, which is highlighted in the picture. Be certain of having selected the proper pairing, we've highlighted this too. Click on “COL/BTC” to advance.
Step 4 – Buy Unit Protocol (COL) After you have discovered Unit Protocol (COL), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our own Limit Order. The ”Price” field will be filled automatically with the most recent price Unit Protocol (COL) was sold for. This can be changed to your desired price. The ”Amount” field is the amount of COL you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of COL. If you're satisfied, click on “Buy COL”. Your order will be filled as soon as a Vendor sells their COL for the price you introduced.
Step 5 – Withdraw Unit Protocol (COL) Unless you're regularly trading, never keep your crypto on an Crypto Exchange for an extensive time period. To take off your Unit Protocol (COL), hover over the tab called “Funds” and mouse click on “Withdraw”. Unit Protocol (COL) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Unit Protocol (COL) by using the provided drop-down box. Drop in the quantity of Unit Protocol (COL) you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address. If you are happy, click on “Submit”. You may be asked for phone/email verification before a withdrawal.
Congrats! You've successfully purchased and stored Unit Protocol (COL).That's it! Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the (COL) Unit Protocol is safe inside your wallet, you are done.
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