Making money, or making assets, to be precise, has become an art with the advent of cryptocurrency. And if you want to accurately accumulate this art, you are in the right place! Here you can get a step-by-step footprint on the journey of buying and trading cryptocurrencies.
That’s right! Today in this article we are going to unfold the answers to a most common question: How and where to buy Parex?
Read on for all the details!
Table of Contents
Overview on Parex: The latest rating!
The live Parex price as of February 15, 2022 is $1.08 USD with a 24-hour trading volume of $459,095 USD. We update our PRX price to USD every 24 hours. The current market cap of Parex is ? †
Parex is a decentralized exchange. It also has a token that can only exist through the mining production mechanism. The production network is processed using the DRC-16 protocol. It can also build bridges with many networks thanks to Proof of Interoperability.
So let’s not keep you waiting any longer and start earning Crypto money right away, Parex!
Step by step guide to buy Parex
When it comes to earning Crypto money, what could be more important than a step-by-step guide? In particular, if you are the one trying to monetize cryptocurrency, this segment is extremely important to your down-the-line trading! So stay alert and read the steps carefully.
Step 1 – Register on Fiat-to-Crypto Exchange to PRX . to buy
Hey, have you bought any of the major cryptocurrencies? If not, now is the time to take the call to action!
Start by registering your account so that you can buy the cryptocurrency, here, Bitcoins. Perhaps any crypto exchange platform will serve. But of course you should choose the one that suits your needs and criteria. Be aware of any reimbursement policies, if any, as well as the type of exchanges they offer.
After thoroughly researching the platform’s policies, leave the mark of your presence on the platform with a quick registration there.
Voila! You will receive free bitcoins worth $10 after purchasing crypto worth $100. Sure, the value received will also get high initially with your investment rate, but 100 is a good start to not lose money to reach greed.
Step 2 – Buy Bitcoins according to the budget of your pocket!
Now that you have already registered and are a declared KYC account holder, the next step is to add a payment method to buy cryptocurrency, in this case Bitcoins.
Well, here you will get three different options of the transaction – First is the credit card; the second is your debit card; or else just an online bank transfer. However, there is a twist, as always! While transactions with both cards charge relatively higher transaction fees, the easiness to buy direct is a boon. On the other hand, a bank transfer will undoubtedly be cheaper for you, but the process is usually much slower. Again, the speed of transactions here varies in terms of where you are located.
No problem! Some platforms and countries have the option to pick up instant cash deposits even with minimal fees. Are you one of those compatriots? Then quickly confirm your payment method and click on the ‘exchange’ button, which appears on the screen of your phone.
knock! That is a chart of various cryptocurrencies given to you. So you can confirm your transaction by choosing bitcoins, and you unlock. You can even use Bitmart, the next step to successfully earn Crypto money!
Step 3 – Transfer your Bitcoins to an Altcoin Exchange!
[Please Note: As
is an altcoin, a step asking you to transfer your bitcoin to an exchange shall stand by! The Exchange where you trade it with
Expert Says – Always use a popular exchange website where you can trade altcoins; the one that consists of a variety of tradable altcoin pairs and has really impressive liquidity. In fact, many specialists recommend BitMart because unlike other exchanges, they offer a thin order book to US customers.
Anyway, just as the process of registering is similar to all platforms, the other follows! Below is the list of some exchanges that you can register for exchange and proceed with the process to buy Parex.
Once you click on the transfer option, the online operator will ask you to set a two-step authentication value for the security of your account. Once the security is added, you will be licensed for additional security to transfer your bitcoins.
Step 4 – Deposit the cryptocurrency into your Exchange Wallet!
Although you have registered twice so far, you may even have to do the same depending on the exchange policy.
But the process is also simple and straightforward! Within a range of 30 minutes up to 2 days, prepare to have full access to exchange your wallet where you can make a repository of your money.
Do you see a box with the BTC address on your screen? Be the unique public address of your BTC wallet! Write it down somewhere for your convenience. And then click on the ‘copy address’. This will copy the address to your clipboard.
Next, you need to go back to your exchange portfolio page and spot BTC in your asset list! What do you see? Is it a table of recipient fields appearing on your screen? Paste the address from your clipboard there. And finally, click ‘send’ to process.
The moment it is complete, a confirmation message will appear. Once you click the confirmation link, your coins will be on their way! Right to your exchange wallet!
You can go to the wallet of the exchange website to check your incoming money. Or you can just go through your laziness in the winter and wait for the exchange website to send you the confirmation itself.
Step 5 – Check out the price chart and get on the stage of Trading Parex!
Hey, it’s time to go back to the ‘exchange’ option on your cryptocurrency exchange website!
Here you should find a search bar in the right column. Make sure you select ‘BTC’ there, click on it and type in ‘PRX’.
There you go!
An option called ‘PRX/BTC’ was up front. Don’t think twice about clicking this pair and use the price chart in the middle of the page. Below you see a box with a green button that says ‘Buy PRX† That’s where your next call to action stands! Click on the box, enter and choose the ‘market’ tab.
Here you can either type in your favorable amount or, in other words, choose the portion of your deposit that you want to spend on buying PRX’. Then press the ‘percentage’ button that you see there.
Quick summary to confirm. The ‘Buy PRX’ option is waiting to feel the touch of your fingers!
Yes! You have successfully traded with Parex!
Step 6 – Why not keep your Parex safe in the Hardware Wallet?
stop! Don’t leave until you’ve secured your property as there’s a lot waiting outside to take it away with naughty stunts. If you’ve already gone through so many hardships to buy Parex, now it’s time to secure it, steel solid! In addition, if you plan to keep Parex for the long term, you may want to keep it safe.
Look closely, you will find options to store your coins by placing them in Cold Wallets. Unfortunately! Here only the blockchain has access when you send money. This is exactly why experts suggest securing Parex in Hardware Wallets!
This wallet keeps your PRX with more security policy. How’s that? Basically, the Hardware Wallets are USB devices that can capture crucial information from your wallet in a secure manifold. What could be better than that?
Frequently asked questions about how and where to buy Parex:
V.1. Is there an option to buy PRX with cash?
answer Unfortunately that is not possible Buy PRX with cash† However, you can feel free to use a marketplace like LocalBitcoins to initially buy the BTC with cash and then transfer it to the Altcoin Exchange.
V.2. Are Parex payments refundable?
answer No, all payments in Parex are irreversible, regardless of whether they are a transaction. However, they can only be refunded by the person who receives them. So it is always better to exercise caution when dealing and doing business with individuals or organizations.
V.3. Can Parex be used anonymously?
answer Sorry to say but Parex is not anonymous so far. Therefore, extra efforts are required to secure the data and assets. It is because all transactions and balance appear publicly on the network and therefore require more hardware wallet than any other crypto asset.
V.4. What is the current market price of Parex?
answer The current market price of Parex as of February 15, 2022 is $1.08.
V.4. Can we buy Parex in Europe?
answer Yes, there are even online banks in Europe where you can easily open an account and transfer money to exchanges like Coinbase.
Now that you’ve learned about the steps on how and where to buy Parex, the platforms where you can trade it, and the important ways to keep the money safe in a high-quality hardware wallet with some more encrypted tools to your rescue, it is time for us to say goodbye and move straight to the action of crypto exchange.
I hope the article served your purpose. Even if it is not complete, you can come back at any time and ask your questions and doubt whether we can help you. We are obligated to provide you with all information from blockchain anytime and anywhere.
Greetings and best wishes!