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 BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. 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 Cryptocurrency Exchange? (Just follow this guide) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find Unit Protocol (COL) Once your deposit has been approved, you will instantly have access to your funds and you can start buying and trading. To purchase Unit Protocol (COL) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. In order to find Unit Protocol (COL), you will need to insert the shortname of the coin (COL) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we've marked this also. Click on “COL/BTC” to progress.
Step 4 – Purchase Unit Protocol (COL) Once you have found Unit Protocol (COL), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're going to create our own Limit Order. The ”Price” field will be filled automatically with the most latest rate Unit Protocol (COL) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of COL you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole volumen of COL. When you are happy, make a mouse click on “Buy COL”. Your plan will be filled when a Vender trades their COL for the price you offered.
Step 5 – Withdraw Unit Protocol (COL) Unless you're frequently trading, best advise is not to keep your coins on an Crypto Exchange for an extended time frame. In order to withdraw your Unit Protocol (COL), hover over the tab called “Funds” and click on “Withdraw”. Unit Protocol (COL) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Unit Protocol (COL) by using the provided drop-down box. Put into the quantity of Unit Protocol (COL) you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.