How to Buy pTokens BTC (PBTC) in Australia

A Step-by-Step-Guide on how to buy pTokens BTC (PBTC) in Australia

Step 1 – Join Coinmama

You'll first need to buy units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and getting your Ethereum or Bitcoin.

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. pTokens BTC (PBTC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to)

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find {pTokens BTC (PBTC)|(PBTC) pTokens BTC}

Once your deposit has been affirmed, you'll directly have access to your finances and you can start buying and trading. To purchase {pTokens BTC (PBTC)|(PBTC) pTokens BTC} on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”.

To find {pTokens BTC (PBTC)|(PBTC) pTokens BTC}, you'll need to put the cointype (PBTC) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've highlighted this too. Click on “PBTC/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} pTokens BTC (PBTC)
Step 4 – Acquisition of {pTokens BTC (PBTC)|(PBTC) pTokens BTC}

Once you've found {pTokens BTC (PBTC)|(PBTC) pTokens BTC}, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are creating our Limit Order.

The field with the “Price” tag will be filled automatically with the recent price {pTokens BTC (PBTC)|(PBTC) pTokens BTC} was sold for. You can change this to your favoured rate. The ”Amount” field is the quantity of PBTC you wish to purchase. The ”Total” field is the whole price in BTC that you'll pay for the whole quantity of PBTC.

When you're glad, click on “Buy PBTC”. Your order will be filled as soon as a Vendor sells their PBTC for the price you offered.

Step 5 – Withdraw {pTokens BTC (PBTC)|(PBTC) pTokens BTC}

Unless you're trading, best advise is not to keep crypto on an Crypto Trader for an extended time frame. In order to withdraw your {pTokens BTC (PBTC)|(PBTC) pTokens BTC}, hover over the tab called “Funds” and mouse click on “Withdraw”. {pTokens BTC (PBTC)|(PBTC) pTokens BTC} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {pTokens BTC (PBTC)|(PBTC) pTokens BTC} by using the provided drop-down box. Drop in the amount of {pTokens BTC (PBTC)|(PBTC) pTokens BTC} you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

If you're happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Congrats! You have successfully bought and stored pTokens BTC (PBTC) in Australia.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the {pTokens BTC (PBTC)|(PBTC) pTokens BTC} is safe within your wallet, you're all done.

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