A Step-by-Step-Guide on how to buy P2P (P2P)
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and receive your welcome 10$.
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. P2P (P2P) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate (P2P) P2P As soon as your deposit has been verified, you'll immediately have access to your assets and you can initiate purchasing and trading. To invest in (P2P) P2P on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To discover (P2P) P2P, you'll need to put the short name of the asset (P2P) into the search-box, which is marked in the graphic. Be certain of having choosen the right grouping, we have marked this also. Click on “P2P/BTC” to progress.
Step 4 – Buying (P2P) P2P As soon as you have located (P2P) P2P, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled with the recent price (P2P) P2P was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of P2P you like to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole volumen of P2P. When you are happy, make a mouse click on “Buy P2P”. Your order will be filled when a Vender trades their P2P for the price you introduced.
Step 5 – Withdraw (P2P) P2P Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extended period of time. To withdraw your (P2P) P2P, go to the tab called “Funds” and mouse click on “Withdraw”. (P2P) P2P can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (P2P) P2P by using the provided drop-down box. Drop in the volumen of (P2P) P2P you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.