A Step-by-Step-Guide on how to buy WOM Protocol (WOM)
Step 1 – Signup to Kraken You'll first need to buy units of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and receive Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. WOM Protocol (WOM) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate WOM Protocol (WOM) As soon as your deposit has been verified, you will directly have access to your finances and you can start invest and trading. To invest in WOM Protocol (WOM) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. In order to find WOM Protocol (WOM), you'll need to insert the cointype (WOM) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have highlighted this also. Click on “WOM/BTC” to go on.
Step 4 – Purchase WOM Protocol (WOM) Once you have found WOM Protocol (WOM), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order. The ”Price” field will be filled automatically with the most recent tariff WOM Protocol (WOM) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of WOM you wish to buy. The ”Total” field is the total price in BTC that you will pay for the complete amount of WOM. When you are glad, click on “Buy WOM”. Your order will be filled as soon as a Seller trades their WOM for the price you offered.
Step 5 – Withdraw WOM Protocol (WOM) Unless you are regularly trading, never keep your coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your WOM Protocol (WOM), go to the tab called “Funds” and click on “Withdraw”. WOM Protocol (WOM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate WOM Protocol (WOM) by using the provided drop-down box. Put into the amount of WOM Protocol (WOM) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.