A Step-by-Step-Guide on how to buy WOM Protocol (WOM)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and to get Ethereum or Bitcoin.
Step 2 – Send Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. WOM Protocol (WOM) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate (WOM) WOM Protocol Once your deposit has been verified, you'll instantly have access to your finances and you can begin buying and trading. To invest in (WOM) WOM Protocol on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. To find (WOM) WOM Protocol, you'll need to put the cointype (WOM) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we have highlighted this also. Click on “WOM/BTC” to proceed.
Step 4 – Acquisition of WOM Protocol (WOM) After you have discovered WOM Protocol (WOM), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff WOM Protocol (WOM) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of WOM you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete quantity of WOM. If you're happy, click on “Buy WOM”. Your order will be filled as soon as a Vendor sells their WOM for the price you introduced.
Step 5 – Withdraw (WOM) WOM Protocol Unless you are frequently trading, never keep your crypto on an Crypto Exchange for an extended time frame. To take off your (WOM) WOM Protocol, go to the tab called “Funds” and click on “Withdraw”. (WOM) WOM Protocol can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WOM) WOM Protocol by using the provided drop-down box. Enter the quantity of (WOM) WOM Protocol you would wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you are satisfied, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.