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 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Unit Protocol (COL) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've selected the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find Unit Protocol (COL)

As soon as your deposit has been verified, you'll directly have access to your finances and you can begin invest and trading. To invest in Unit Protocol (COL) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

In order to discover Unit Protocol (COL), you'll need to put the cointype (COL) into the search-box, which is highlighted in the graphic. Be certain of having selected the right grouping, we have marked this too. Click on “COL/BTC” to go on.

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

Once you have discovered Unit Protocol (COL), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). 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 price Unit Protocol (COL) was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of COL you like to purchase. The ”Total” field is the total price in Bitcoin that you will pay for the complete quantity of COL.

If you're glad, click on “Buy COL”. Your order will be filled as soon as a Seller trades their COL for the price you gave.

Step 5 – Withdraw Unit Protocol (COL)

Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time frame. To withdraw your Unit Protocol (COL), go to the ”Funds” tab and click on “Withdraw”. Unit Protocol (COL) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Unit Protocol (COL) by using the given drop-down box. Drop in the volumen of Unit Protocol (COL) you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you are happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a take off.

Binance Withdraw

Congratulations! You have successfully purchased and stored Unit Protocol (COL).

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (COL) Unit Protocol is safe inside your wallet, you are done.

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