How to Buy Unit Protocol (COL)

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.

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Unit Protocol (COL) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this guide)

Make sure you have selected the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find Unit Protocol (COL)

Once your deposit has been affirmed, you will directly have access to your finances and you can start buying and trading. To purchase Unit Protocol (COL) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

To spot Unit Protocol (COL), you'll need to put the cointype (COL) into the search-box, which is marked in the image. Make sure you have selected the right pairing, we have marked this also. Click on “COL/BTC” to proceed.

Binance Hot To Buy Unit Protocol (COL)
Binance How to Buy (COL) Unit Protocol
Step 4 – Buy Unit Protocol (COL)

Once you have found Unit Protocol (COL), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date tariff Unit Protocol (COL) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of COL you want to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete volumen of COL.

When you're glad, make a mouse click on “Buy COL”. Your order will be filled when a Vendor trades their COL for the price you gave.

Step 5 – Withdraw Unit Protocol (COL)

Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extended period of time. To take off your Unit Protocol (COL), go to the tab called “Funds” and 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 given drop-down box. Put into the amount of Unit Protocol (COL) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.

Binance Withdraw

Congrats! You've successfully bought and stored Unit Protocol (COL).

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (COL) Unit Protocol is stored in your wallet, you're done.

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