{"id":9319,"date":"2023-12-06T09:26:32","date_gmt":"2023-12-06T09:26:32","guid":{"rendered":"https:\/\/www.constantine-carpet.com\/?p=9319"},"modified":"2024-01-11T18:56:49","modified_gmt":"2024-01-11T18:56:49","slug":"how-to-buy-philcoin-phl-beginners-guide-by","status":"publish","type":"post","link":"https:\/\/www.constantine-carpet.com\/how-to-buy-philcoin-phl-beginners-guide-by\/","title":{"rendered":"How to Buy Philcoin $PHL Beginners Guide by CryptoBuyClub Latest Crypto Buying Guide Coinmonks"},"content":{"rendered":"
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 $PHL. You can go back and change this number anytime before proceeding with \u201cSwap\u201d. Once Metmask is ready, head over to PancakeSwap, click \u201cConnect Wallet\u201d at the top and choose Metamask.<\/p>\n
You can buy Philcoin with any decentralized crypto exchange which works on Binance Blockchain technology. Now MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB tokens, click confirm. Wait for the confirmation popup until it shows \u201cTransaction Submitted\u201d. We\u2019ll be using Binance, but there are many other exchanges like ByBit, KuCoin, Kraken, Gate.io and MEXC that offer Altcoins. This can be done by going to the website and clicking \u201cSign Up.\u201d You will be required to enter your name, email address, create a password and verify your email address.<\/p>\n
You need to create your own wallet to hold both BNB and PHL. After your account has been created, you will be required to go through the KYC (know your customer) process. The KYC process also requires you to provide proof of identity and proof of residency.<\/p>\n
Binance Smart Chain has been gaining a lot of traction lately. The main motivation for this is the very low fees that it offers. I’ve seen transaction fees of 100$+ 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.<\/p>\n
You can do this by going to \u201cFunds\u201d and then \u201cDeposits & Withdrawals,\u201d where you\u2019ll 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.<\/p>\n
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\u2019ve signed up, click on the \u201cConnect Wallet\u201d 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.<\/p>\n