Some currencies, such as Phantom Protocol may only be purchased on decentralized exchanges using another currency. To get Phantom Protocol, you must first acquire Ethereum (ETH), which can then be used to purchase it. Self-custody wallets are required for this purpose. Here’s how to do it if you reside in the United States and use Coinbase Wallet.
Take use of Coinbase’s wallet service
Phantom Protocol may only be purchased using a personal wallet, such as the Coinbase Wallet. The Coinbase Wallet also has a mobile app and a web plugin. Here you may get the Coinbase Wallet.
Choose a username for your Coinbase Wallet account
In order to set up your Coinbase Wallet, you must choose a username. Using login, Coinbase Wallet users may instantly give you bitcoin. You may keep your username a secret, but it is required to access your account.
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Nobody should see your recovery phrase
When you create a new self-custody wallet, you will get a 12-word “recovery phrase” that may be used to retrieve your funds. The recovery phrase is the encryption key, so anybody who knows it may access your data. Your recovery phrase should be kept confidential.
We recommend writing them down and storing them in a secure location. You may also use the cloud backup function of Coinbase Wallet.
Do not reveal your recovery phrase to anybody. Never will Coinbase request your recovery phrase. If you forget your recovery phrase, you will be unable to access your Coinbase wallet.
Know the expenses of the Ethereum network and prepare accordingly
Fees are dependent on the network’s activity level, the complexity of the transaction, and the desired transaction completion time. Plan how you will save money for college expenses.
Transfer Ethereum to Coinbase
Ethereum purchases need a Coinbase account. You may register a Coinbase account and buy Ethereum here. Adding ETH to your Coinbase Wallet varies per app or extension.
Buy Phantom Protocol using ETH on the trading tab
Phantom Protocol may be bought using the Coinbase Wallet app. Tap Coinbase Wallet. On “Exchange,” swap ETH for any Ethereum-based token (referred to as “ERC-20 tokens”). “Choose coin” Phantom Protocol. Enter ETH to buy Phantom Protocol. Don’t overlook business expenditures. Follow the on-screen instructions to finish your order.
Using Coinbase Wallet, tap “Convert.” Search for “Phantom Protocol” and input ETH. Don’t overlook business expenditures. Follow the on-screen instructions to finish your order.
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NFTHI does not recommend any kind of Investment in NFTs or NFT trading. All the strategies are merely educational references.
Conduct thorough research before you start with NFT trading.