A Step-by-Step-Guide on how to buy Peony Coin (PNY)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your Bitcoin or Ethereum.
Step 2 – Transfer Your Funds to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Peony Coin (PNY) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you have chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Peony Coin (PNY) As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can launch buying and trading. To invest in Peony Coin (PNY) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. To find Peony Coin (PNY), you will need to put the short name of the asset (PNY) into the search box, which is marked in the graphic. Make sure you have choosen the right pairing, we have highlighted this also. Click on “PNY/BTC” to proceed.
Step 4 – Buy Peony Coin (PNY) As soon as you have found Peony Coin (PNY), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're making our own Limit Order. The ”Price” field will be filled automatically with the most recent valuation Peony Coin (PNY) was traded for. You can change this to your preferred rate. The ”Amount” field is the amount of PNY you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete volumen of PNY. When you're glad, click on “Buy PNY”. Your order will be filled as soon as a Seller sells their PNY for the price you offered.
Step 5 – Withdraw Peony Coin (PNY) Unless you are frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. In order to take off your Peony Coin (PNY), go to the tab called “Funds” and mouse click on “Withdraw”. Peony Coin (PNY) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Peony Coin (PNY) by using the given drop-down box. Enter the volumen of Peony Coin (PNY) you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a take off.