A Step-by-Step-Guide on how to buy Peony Coin (PNY)
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get your first $10.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Peony Coin (PNY) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Peony Coin (PNY) Once your deposit has been affirmed, you will instantly have access to your finances and you can initiate purchasing and trading. To invest in Peony Coin (PNY) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to find Peony Coin (PNY), you will need to insert the cointype (PNY) into the search-box, which is highlighted in the image. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “PNY/BTC” to proceed.
Step 4 – Purchase (PNY) Peony Coin Once you've spotted (PNY) Peony Coin, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the latest tariff (PNY) Peony Coin was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of PNY you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole amount of PNY. When you're glad, make a mouse click on “Buy PNY”. Your order will be filled as soon as a Vender sells their PNY for the price you submitted.
Step 5 – Withdraw (PNY) Peony Coin Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an longer time frame. To take off your (PNY) Peony Coin, hover over the ”Funds” tab and click on “Withdraw”. (PNY) Peony Coin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (PNY) Peony Coin by using the given drop-down box. Put into the amount of (PNY) Peony Coin you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.