However, you can use Binance to exchange your cash for $PHL. On the top field enter the amount of BNB you would like to exchange for $PHL. You can go back and change this number anytime before proceeding with “Swap”. Once Metmask is ready, head over to PancakeSwap, click “Connect Wallet” at the top and choose Metamask.
- The action you just performed triggered the security solution.
- If not, go to MetaMask.io, click “Get Chrome Extension”, and install it.
- You can store coins on exchanges after purchase but we recommend using a dedicated wallet for security and long term storage.
- However, like all cryptocurrencies, the above-mentioned coins are volatile, and trading involves risks.
You can buy Philcoin with any decentralized crypto exchange which works on Binance Blockchain technology. Now MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB tokens, click confirm. Wait for the confirmation popup until it shows “Transaction Submitted”. We’ll be using Binance, but there are many other exchanges like ByBit, KuCoin, Kraken, Gate.io and MEXC that offer Altcoins. This can be done by going to the website and clicking “Sign Up.” You will be required to enter your name, email address, create a password and verify your email address.
Philcoin PHL purchase guide
You need to create your own wallet to hold both BNB and PHL. After your account has been created, you will be required to go through the KYC (know your customer) process. The KYC process also requires you to provide proof of identity and proof of residency.
- Some online platforms or offline shops accept crypto as payments.
- Cex or Dex exchanges offer some trading pairs for Philcoin trading to meet your needs.
- With Simpleswap we can buy BNB and receive it directly on our on-chain Metamask wallet, skipping most of the steps we’d have to take through a traditional exchange.
- Click on ‘Get Started.’ Now click on ‘Create a Wallet.’ Choose a strong password for your Metamask wallet and continue.
- There’s no good guide out there explaining everything you need to know.
- In this article, I’m going to walk you through how to buy Philcoin so that you can start trading/investing in it.
Binance Smart Chain has been gaining a lot of traction lately. The main motivation for this is the very low fees that it offers. I’ve seen transaction fees of 100$+ in Uniswap, and nobody wants to pay that. Ethereum 2.0 has been in the works for years now, and there is still no solution for these absurd gas fees on the Ethereum Network.
Why should you buy Philcoin?
You can do this by going to “Funds” and then “Deposits & Withdrawals,” where you’ll see a list of different coins supported by Binance. Scroll down until you find USDT in the list and click the Deposit button for it. Now you will need to find an exchange that allows you to deposit USDT and trade it for PHL. As Philcoin is currently listed on PancakeSwap we will guide you through how to convert your USDT on the platform.
The corresponding amount of Philcoin should show up immediately. Click Save, then select PancakeSwap from the list of networks that appears when you click the network name on MetaMask. Once you’ve signed up, click on the “Connect Wallet” button. This will open MetaMask, a browser plugin that will allow you to send your BNB tokens to PancakeSwap. Okay, so this is the trickiest part of the process.
Step 2 – Buy BNB on Simpleswap
Therefore, before making any investments, you should do your own research (DYOR) and assess your risk appetite before proceeding. First of all, if you haven’t done so already, please sign up for an account by clicking forex com review 2021 on the yellow button in the top right corner. That’s where you’ll store your Philcoin tokens and access a wide range of new features. Once you’re set up on Binance, it’s time to convert some USDT into BNB.
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After you press buy, the Philcoin crypto will be deposited in your account on the trading platform. Please be advised that just moving your coins off trading platform to cold wallet like Trezor or Ledger Nano X, you help better protect your purchase. It’s not only lower your risk if your exchange or account gets hacked, but if you transfer separate hardware wallet, your Phl coin turn into virtually unbreakable. The only con usually have to pay a small fee to move your coins from the exchange. This website is using a security service to protect itself from online attacks.
No, you cannot mine Philcoin as it has a different network structure than Bitcoin. However, you can use Binance to exchange your fiat currency in PayPal for $PHL. Now click on the other field and choose Philcoin from the list.
Given our history of humanitarian support and endeavours, Philcoin’s purpose is to give back while people transact on blockchain. Philcoin’s mission is to help build a digital economy while chatting, participating in educational programs, accessing entertainment, playing video games and shopping. This will all be achieved while fulfilling the purpose of the 17 Sustainable Development Goals of the United Nations and every humanitarian support garnered within our ecosystem.
You need an account with a cryptocurrency exchange that supports Philcoin. Register it, if you don’t already have it or login with your credentials. You can trade Philcoin(PHL) for other cryptocurrencies on crypto exchanges. Cex or Dex exchanges offer some trading pairs for Philcoin trading to meet your needs. No matter what people say, it’s easy to buy Philcoin with a credit card. Your first step will always be to buy BTC/ETH/USDT with your credit card.
Philcoin ($PHL) is a confusing cryptocurrency to buy. There’s no good guide out there explaining everything you need to…
You can purchase good or service from these places. Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account. Our multi-device support feature allows users to trade on the BTCC platform anytime, anywhere. No, Philcoin is a digital token built on the Binance network chain BNC.