A Step-by-Step-Guide on how to buy Parachute (PAR)
Step 1 – Join CEX.io You will first need to purchase one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and getting your Bitcoin or Ethereum.
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Parachute (PAR) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Parachute (PAR) As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can launch purchasing and trading. To purchase Parachute (PAR) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to discover Parachute (PAR), you'll need to put the short name of the asset (PAR) into the search-box, which is highlighted in the image. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “PAR/BTC” to go on.
Step 4 – Buy Parachute (PAR) Once you've located Parachute (PAR), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate Parachute (PAR) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of PAR you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete amount of PAR. If you're glad, click on “Buy PAR”. Your plan will be filled when a Vendor trades their PAR for the price you submitted.
Step 5 – Withdraw (PAR) Parachute Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your (PAR) Parachute, hover over the tab called “Funds” and click on “Withdraw”. (PAR) Parachute can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (PAR) Parachute by using the given drop-down box. Enter the amount of (PAR) Parachute you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.