A Step-by-Step-Guide on how to buy P2P Coin (P2P)
Step 1 – Join Coinbase and get 10$ for free You will first need to buy one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first $10.
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. P2P Coin (P2P) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate (P2P) P2P Coin Once your deposit has been approved, you will instantly have access to your finances and you can launch invest and trading. To invest in (P2P) P2P Coin on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to spot (P2P) P2P Coin, you will need to insert the short name of the asset (P2P) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this also. Click on “P2P/BTC” to proceed.
Step 4 – Buying P2P Coin (P2P) Once you've spotted P2P Coin (P2P), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our own Limit Order. The field with the “Price” tag will be filled with the recent tariff P2P Coin (P2P) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of P2P you like to buy. The ”Total” field is the total price in Bitcoin that you will settle for the whole amount of P2P. When you are glad, make a mouse click on “Buy P2P”. Your plan will be filled when a Seller trades their P2P for the price you introduced.
Step 5 – Withdraw P2P Coin (P2P) Unless you are regularly trading, best advise is not to keep your coins on an Crypto Trader for an extended time period. In order to take off your P2P Coin (P2P), hover over the ”Funds” tab and click on “Withdraw”. P2P Coin (P2P) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate P2P Coin (P2P) by using the provided drop-down box. Put into the quantity of P2P Coin (P2P) you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a take off.