A Step-by-Step-Guide on how to buy Orchid Protocol (OXT)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and getting your Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Orchid Protocol (OXT) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Orchid Protocol (OXT) As soon as your deposit has been approved, you will instantly have access to your funds and you can start purchasing and trading. To buy Orchid Protocol (OXT) on Binance, you will want to go to the ”Exchange” tab and click on “Basic”. To locate Orchid Protocol (OXT), you will need to put the short name of the asset (OXT) into the search-box, which is marked in the picture. Be certain of having selected the proper grouping, we have marked this too. Click on “OXT/BTC” to go ahead.
Step 4 – Acquisition of Orchid Protocol (OXT) As soon as you've discovered Orchid Protocol (OXT), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are creating our Limit Order. The ”Price” field will be filled automatically with the latest valuation Orchid Protocol (OXT) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of OXT you like to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the whole quantity of OXT. When you're happy, make a mouse click on “Buy OXT”. Your plan will be filled when a Vender sells their OXT for the price you gave.
Step 5 – Withdraw Orchid Protocol (OXT) Unless you are trading, never keep your crypto coins on an Exchange for an extended time frame. In order to withdraw your Orchid Protocol (OXT), hover over the ”Funds” tab and click on “Withdraw”. Orchid Protocol (OXT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Orchid Protocol (OXT) by using the given drop-down box. Put into the volumen of Orchid Protocol (OXT) you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. If you are glad, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.