How to Buy Peacock Coin

How Crypto Currencies Works? Digital Money Guide

How to Buy Peacock Coin

PeacockCoin is a deflationary income token on the Binance Smart Chain with multidimensional NFT. PeacockCoin hopes to foster influential people and create the work of local, contemporary, digital, and crypto artists. The current price of PEKC is $0.00, ranks 4886 on Coinmarketcap, and has recently risen by 9.02% at the time of writing.

PEKC is already listed on many cryptocurrency exchanges, and unlike other major cryptocurrencies, it cannot be purchased directly with fiat currency. However, you can still buy this currency easily by first buying Bitcoin from any cash-to-crypto exchange and then transferring to an exchange that offers the trade of this currency. In this guide article, we will detail the steps for buying PEKC.

Step 1| Register on Fiat-to-Crypto Exchange

You must first buy a major cryptocurrency, in this case, Bitcoin (BTC). In this article, we will give you the detail of two of the most popular cryptocurrency exchanges and Coinbase. Both exchanges have their own fee structure, policies, and other functions, which we will introduce in detail. It is recommended to try both methods at the same time, then find the one that works best for you.

Step 2| Buy BTC with fiat money

After completing the Know Your Customer (KYC) process. You will be asked to add a payment method which is pop up on the screen of your device. Here, you can choose to provide a credit card or a debit card or use a bank transfer. You will be charged a higher fee when you use the card, but you will also buy on the spot. Although bank transfers are cheaper but slower, depending on the country/region you live in, some countries/regions offer low-fee instant cash deposits.

Now you are ready, click the “Transaction” button in the upper left corner, select Bitcoin, then confirm your transaction, congratulations! You just bought your first cryptocurrency.

Step 3| Transfer BTC to an Altcoin Exchange

We need to convert BTC to Peacock Coin. Since Peacock Coin is currently listed on PancakeSwap, we will walk you through how to convert your BTC on the platform. Unlike other centralized exchanges, the conversion steps in PancakeSwap are slightly different because it is a decentralized exchange (DEX), which does not require you to register an account or any KYC process.

However, trading on DEX requires managing your private key that you own your altcoin wallet, it is recommended that you take extra care of your wallet private key because if you lose the key, it means that you will never be able to access your tokens and there is no customer support to help you In recovering your assets though, if managed properly, it is much safer to store your assets in your own wallet rather than the exchange wallet. If you still feel uncomfortable using DEX, please check if any other traditional centralized exchanges in the above tab offer Peacock Coin.

Last Step| Store Peacock Coin securely in hardware wallets

If you intend to keep your PEKC for an extended period of time (as some people call “Hold”, which is basically the misspelled “Hold” that becomes common over time), you may want to explore a way to keep it safe, Although Binance is one of the safest cryptocurrency exchanges, a hack occurred and funds were lost. Due to the nature of exchange wallets, they will always be online (we call them “hot wallets”), thus exposing some vulnerabilities.

Until now, the safest way to store coins was to put them in a kind of “cold wallet”. When sending money, only the wallet can access the blockchain (or simply “go online”), thus reducing hacking incidents. Paper Wallet is a free cold wallet, which is a pair of public and private addresses that are generated offline. You’ll write it down somewhere and make sure it’s safe. However, it is not permanent and subject to various risks.

The hardware wallet here is definitely a better option than the cold wallet. They are usually USB-equipped devices that can store key wallet information more steadily. They have military-grade security, and their firmware is constantly maintained by the manufacturer, so it’s extremely secure.

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