A Step-by-Step-Guide on how to buy Unit Protocol (COL)
Step 1 – Join CEX.io You will first need to purchase one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Unit Protocol (COL) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Unit Protocol (COL) As soon as your deposit has been approved, you'll now have access to your assets and you can start buying and trading. To purchase Unit Protocol (COL) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To spot Unit Protocol (COL), you'll need to put the short name of the asset (COL) into the search-box, which is marked in the graphic. Make sure you have selected the right pairing, we've marked this also. Click on “COL/BTC” to progress.
Step 4 – Purchasing (COL) Unit Protocol After you've located (COL) Unit Protocol, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the latest price (COL) Unit Protocol was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of COL you want to purchase. The ”Total” field is the whole price in Bitcoin that you'll settle for the complete quantity of COL. When you're happy, make a mouse 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 are regularly trading, best advise is not to keep your crypto coins on an Exchange for an extended time frame. To withdraw your Unit Protocol (COL), hover over the ”Funds” tab and mouse click on “Withdraw”. Unit Protocol (COL) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Unit Protocol (COL) by using the provided drop-down box. Put into the amount of Unit Protocol (COL) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. When you are happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.