A Step-by-Step-Guide on how to buy Injective Protocol (INJ)
Step 1 – Signup to CEX.io You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Injective Protocol (INJ) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate Injective Protocol (INJ) Once your deposit has been affirmed, you'll directly have access to your finances and you can begin buying and trading. To invest in Injective Protocol (INJ) on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. To spot Injective Protocol (INJ), you'll need to put the shortname of the coin (INJ) into the search-box, which is highlighted in the picture. Make sure you have selected the proper pairing, we have highlighted this too. Click on “INJ/BTC” to progress.
Step 4 – Purchase Injective Protocol (INJ) Once you have found Injective Protocol (INJ), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are making our Limit Order. The ”Price” field will be filled automatically with the recent price Injective Protocol (INJ) was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of INJ you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole volumen of INJ. When you're glad, make a mouse click on “Buy INJ”. Your plan will be filled when a Vender trades their INJ for the price you submitted.
Step 5 – Withdraw Injective Protocol (INJ) Unless you're trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended time frame. In order to take off your Injective Protocol (INJ), go to the ”Funds” tab and mouse click on “Withdraw”. Injective Protocol (INJ) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Injective Protocol (INJ) by using the provided drop-down box. Drop in the volumen of Injective Protocol (INJ) you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you're happy, click on “Submit”. You could be requested for phone/email verification before a take off.