The Power Ledger (POWR) created to build a platform of interoperable applications. POWR token which is an ERC20 token can be transferred across borders and converted to Sparkz. More importantly, they are created to function across Power Ledger Platform Applications.
One of the most convenient and easy-to-use wallets for storing the Power Ledger token is the MyEtherWallet, which is meant to save any coin/token on the Ethereum Blockchain with Power Ledger inclusive. Alternatively, you can store your Power Ledger tokens on the Ledger Nano S hardware wallet for better security.
One of the best methods for purchasing the Power Ledger tokens is by first getting some Bitcoin or Ethereum, whole or fraction of it depending on how much POWR you want to buy and then exchange those BTC/ETH for Power Ledger tokens on an Exchange Platform. One of those platforms is Binance, in quick, easy steps as analyzed below, you should have your POWR token ready to be transferred to your online or offline wallet.
How To Purchase POWR from Binance Exchance
Step 1: Register on Binance Exchange
To use Binance, you have to be a registered member, and this is done by filling up a short form where you are required to enter details you would prefer to log in to the platform. These include your active email address and a secure password, best to be alphanumeric and probably with symbols between to make it harder for people to guess.
Step 2: Confirm The Email Sent
After registration, an autogenerated email would be sent to the email address you registered with earlier; this is to make sure you are the one who signed up yourself as only you should have access to the email address. It is necessary to use a valid email at the point of registration otherwise you will not be able to go past the registration point.
Step 3: Fund Your Binance Account With Bitcoin
Since you’d be using Bitcoin to purchase the Power Ledger (POWR) tokens, it’s essential you send some to the platform. It’s the same process if you are funding with other cryptocurrencies as well. Send a Bitcoin or a fraction depending on how much worth of POWR you are purchasing from your external Bitcoin wallet. If you don’t have Bitcoins, you will need to buy from Coinbase or anyone that got some to sell. The best place to look out for individuals who want to sell is on LocalBitcoins.
Important: You can do the same thing with Ethereum, as Binanace have a POWR/ETH pair
To do the funding, click on the DEPOSITS WITHDRAWALS link when logged in, then search for Bitcoin in the list of cryptocurrency you see displayed. Click the DEPOSIT button right in front, this generates a Bitcoin address for you on the exchange. Copy this address and send some Bitcoins into it from your external wallet or even from another exchange.
Step 4: Exchange Your Bitcoins for POWR
- Click here or locate the EXCHANGE link beside the Binance logo. On the Exchange Page, find the POWR/BTC pair among the list at the top right corner.
- At the Buy POWR section under the chart, the first text box gives you the current price of how much Bitcoin you pay for every POWR token purchased.
- You then enter the number of POWR tokens you need in the amount field.
- Use the percentage options to select how much of your deposited funds you are staking to buy POWR, 100% means using all funds.
- The Total Field gives you how much Bitcoins you are paying for the transaction.
Click on the Buy POWR button