In this tutorial, we will guide you through the process of buying $PROPC, the utility token of our project, on the Coinmerce cryptocurrency exchange.
Disclaimer: This illustration serves purely as a reference. Propchain shall not be liable for any financial losses resulting from transfers on exchanges. Always refer to the specific guidelines of each exchange before conducting any cryptocurrency transactions.
Step 1: Account Creation
Visit the Coinmerce website at https://coinmerce.io/.
Click on the “Sign Up” or “Register” button to create a new account.
Fill in the required information, such as your email address and a secure password.
Agree to the terms and conditions, and complete the registration process.
Step 2: Account Verification
After successful registration, Coinmerce will send a verification email to the address you provided during sign-up.
Check your email inbox and locate the verification email from Coinmerce.
Open the email and click on the verification link provided to activate your account.
You will be redirected to the Coinmerce website, confirming the successful verification of your account.
Step 3: Identity Verification (KYC)
To comply with regulatory requirements, Coinmerce requires users to complete a Know Your Customer (KYC) verification process.
Log in to your Coinmerce account.
Click on the “Profile” or “Account” section, and select “Verification” or “KYC” from the menu.
Follow the instructions to provide the necessary identification documents, such as a passport or driver’s license, and proof of address.
Wait for the verification process to be completed. Coinmerce typically processes verification requests within a few hours.
Step 4: Deposit Funds
Once your account is successfully verified, it’s time to deposit funds into your Coinmerce account.
Log in to your Coinmerce account.
Click on the “Wallet” or “Funds” section and select the cryptocurrency you wish to deposit (e.g., Bitcoin, Ethereum).
Note down the deposit address or scan the provided QR code.
Use a separate platform or wallet where you hold the desired cryptocurrency and initiate a transfer to the provided deposit address.
Wait for the transaction to be confirmed on the blockchain. This may take some time, depending on the network congestion and chosen cryptocurrency.
Step 5a: Buying $PROPC
Once your funds are deposited and available in your Coinmerce account, you can proceed to buy $PROPC.
Log in to your Coinmerce account.
Click on the “Trade” or “Exchange” section.
Search for $PROPC in the available trading pairs or locate it directly through the search bar.
Click on the $PROPC trading pair to open the trading interface.
In the trading interface, select the type of order you want to place (e.g., market order or limit order).
Enter the amount of $PROPC you want to buy or the amount of cryptocurrency you want to spend.
Review the order details and ensure they are accurate.
Click on the “Buy” or “Place Order” button to execute your $PROPC purchase.
Step 5b: Buying $PROPC with iDeal (Fiat Currency)
If you prefer to buy $PROPC using fiat currency and iDeal, Coinmerce provides the option to make purchases through this popular payment method.
Log in to your Coinmerce account.
Click on the “Trade” or “Exchange” section.
Search for $PROPC in the available trading pairs or locate it directly through the search bar.
Click on the $PROPC trading pair to open the trading interface.
In the trading interface, select the option for “iDeal” as your payment method.
Enter the amount of fiat currency (e.g., Euro) you want to spend or the amount of $PROPC you wish to purchase.
Review the order details and ensure they are accurate.
Click on the “Buy” or “Place Order” button to initiate the purchase using iDeal.
Step 5c: iDeal Payment Process
After clicking the “Buy” or “Place Order” button, you will be redirected to the iDeal payment gateway.
Select your bank from the list of available options.
Follow the instructions provided by iDeal and complete the necessary steps to authorize the payment.
Once the payment is confirmed, you will be redirected back to the Coinmerce platform.
Step 6: Checking Your $PROPC Balance
After successfully purchasing $PROPC, it’s essential to verify that your token balance reflects the transaction.
Log in to your Coinmerce account.
Click on the “Wallet” or “Funds” section.
Search for $PROPC in the list of available cryptocurrencies or use the search bar to find it directly.
Check the $PROPC balance to confirm that the purchased tokens are visible in your account.
Congratulations! You have successfully followed our step-by-step tutorial on how to buy $PROPC on the Coinmerce cryptocurrency exchange.
Remember, every investment carries risks. At Propchain, we’re committed to transparency and are here to guide you through your investing journey. Always feel free to ask us any questions you might have!