A Step-by-Step-Guide on how to buy Primecoin (XPM)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and to get your first 10$.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Primecoin (XPM) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Primecoin (XPM) Once your deposit has been confirmed, you'll instantly have access to your assets and you can begin buying and trading. To invest in Primecoin (XPM) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. To spot Primecoin (XPM), you'll need to insert the shortname of the coin (XPM) into the search box, which is marked in the picture. Be certain of having choosen the correct grouping, we've marked this too. Click on “XPM/BTC” to go on.
Step 4 – Acquisition of (XPM) Primecoin Once you have found (XPM) Primecoin, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff (XPM) Primecoin was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of XPM you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole quantity of XPM. When you're glad, make a mouse click on “Buy XPM”. Your plan will be filled as soon as a Seller sells their XPM for the price you gave.
Step 5 – Withdraw Primecoin (XPM) Unless you're trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Primecoin (XPM), go to the tab called “Funds” and mouse click on “Withdraw”. Primecoin (XPM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Primecoin (XPM) by using the provided drop-down box. Enter the volumen of Primecoin (XPM) you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.