A Step-by-Step-Guide on how to buy PetroDollar (XPD)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and receive your first 10 Dollar.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. PetroDollar (XPD) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find PetroDollar (XPD) Once your deposit has been approved, you'll immediately have access to your assets and you can initiate purchasing and trading. To buy PetroDollar (XPD) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover PetroDollar (XPD), you'll need to put the cointype (XPD) into the search box, which is highlighted in the image. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “XPD/BTC” to continue.
Step 4 – Purchasing (XPD) PetroDollar After you have spotted (XPD) PetroDollar, 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 image). For now we are going to create our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date tariff (XPD) PetroDollar was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of XPD you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole quantity of XPD. If you're happy, make a mouse click on “Buy XPD”. Your plan will be filled when a Seller sells their XPD for the price you introduced.
Step 5 – Withdraw PetroDollar (XPD) Unless you are regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive time frame. To withdraw your PetroDollar (XPD), go to the ”Funds” tab and mouse click on “Withdraw”. PetroDollar (XPD) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find PetroDollar (XPD) by using the given drop-down box. Enter the amount of PetroDollar (XPD) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click “Submit”. You may be requested for verfication via email/phone before a take off.