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 BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Peony Coin (PNY) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Peony Coin (PNY) As soon as your deposit has been verified, you'll directly have access to your funds and you can launch buying and trading. To purchase Peony Coin (PNY) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To discover Peony Coin (PNY), you'll need to insert the short name of the asset (PNY) into the search box, which is marked in the graphic. Be certain of having selected the proper pairing, we have marked this also. Click on “PNY/BTC” to proceed.
Step 4 – Purchasing Peony Coin (PNY) Once you have located Peony Coin (PNY), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're creating our Limit Order. The field with the “Price” tag will be filled with the latest rate Peony Coin (PNY) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of PNY you want to buy. The ”Total” field is the total price in BTC that you'll settle for the complete volumen of PNY. When you are satisfied, click on “Buy PNY”. Your plan will be filled as soon as a Vender trades their PNY for the price you submitted.
Step 5 – Withdraw Peony Coin (PNY) Unless you're frequently trading, never keep your coins on an Exchange for an longer period of time. In order to withdraw your Peony Coin (PNY), hover over the ”Funds” tab and click on “Withdraw”. Peony Coin (PNY) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Peony Coin (PNY) by using the given drop-down box. Drop in the volumen of Peony Coin (PNY) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.