Are you interested in buying PNUT and want to know about this emerging crypto currency? You're not alone. This emerging crypto currency is in the news for bringing in novice as well as experienced crypto buyers. If you want to add PNUT to your collection or just want to know how to buy PNUT crypto, this article will walk you through in easy steps.
Before learning about buying PNUT, it is good to know some background about the currency. PNUT is the governance token for the Peanut Protocol, a yield-optimization and automated DeFi dedicated platform, and is known as Peanut the Squirrel. The token is used for governance, rewards, and for use in the Peanut ecosystem. As DeFi is on the rise, there are ever-growing numbers of investors who are eager to know about buying PNUT crypto in the hopes they can be able to share in its future prospects for increased growth.
Get Started
Prior to investing in PNUT, it is important to have a good foundation in place. That involves selecting a good platform and creating your account in a secure way. Let us break down these initial steps to be in readiness.
Choosing a Platform to Buy PNUT
In investing in PNUT, security and trust in a platform is at the top of priorities. As there are plenty available, research and compare exchanges before selecting one suited for use. Compare fees, traded volumes, and market liquidity to ensure you are making a good buy. Established decentralized exchanges like Kraken and Raydium are greatly respected for being feature-laden and user-friendly. Take time to consider each platform and read user reviews before making your decision. That way, you can safely transact in the market and choose a platform best suited for your type of trading.
Establishing An Account
Once you have chosen a platform, creating an account is fairly straightforward. The exchanges will typically have you provide basic information such as name, email, and password. Some exchanges may have some additional steps for information validation, such as two-factor authentication, in order to secure your account. Be sure to follow guidelines for each platform in order to have a smooth account setup. By having your account securely and properly in place, you can move on to fund your account and buy PNUT.
Where to Buy PNUT - Understanding Your Options
Learning to buy PNUT is learning about several available processes. Each is good in some manner, depending on considerations for things like convenience, fees, security, and tools in which you are comfortable. Let us move on to actual sites and processes available for buying PNUT. PNUT tokens can be exchanged across multiple sites, and it is simple for investors.
Centralized Exchanges (CEX)
Presently, perhaps the easiest method for buying PNUT is through centralized exchanges. The exchanges are middlemen who buy and sell PNUT for one another in a trusted and secure environment. Since you are a crypto newbie, this is a suitable option for you since you can buy PNUT in fiat currencies or cryptocurrencies. PNUT is tradable on centralized exchanges and provides buyers and sellers with a secure place in which to transact.
Several widely recognized centralized exchanges supporting PNUT are:
- Binance - The token is also traded on the largest crypto exchange.
- Gate.io - Highly utilized option for lesser and emerging cryptocurrencies like PNUT.
- MEXC - Global is known for listing several DeFi tokens.
Decentralized Exchanges (DEX)
For buyers who prefer buying PNUT without middlemen, there is another option in decentralized exchanges. On a DEX, buyers and sellers are in direct contact and deal with each other using blockchain-based smart contracts. It does require a compatible wallet and some level of technical knowhow. On them, PNUT is traded based on market supply and demand and there is transparency in transactions.
Currently, PNUT can be bought on:
Raydium - One of the famous dex on Solana.
DeFi Aggregators
For buying PNUT crypto at the best available price, DeFi aggregators are convenient tools. The aggregators scour multiple exchanges, centralised as well as decentralised, in order to find for you the best available price. The aggregators allow direct swap of tokens from your Web3 wallet as well. The aggregators provide information about PNUT market cap as well, and based on this, you can measure its market position.
Among them are:
- Jupiter - Ideal is PNUT is a Solana token.
Funding and buying PNUT
Once you have opened your account, next is to fund it and execute your first PNUT purchase. The following will cover how to do this and discuss payment options and how to execute your trade.
Funding Your Account
Prior to buying PNUT, you must fund your account. Exchanges offer a variety of different sources for funds, including wire transfers, banking transfers, and buys using a credit card. Be sure to read about each option's platform fees and payment times in order to ensure you are receiving the best possible offer. Once funded, you can proceed to buy PNUT. Be sure to use the appropriate trading pair (i.e., PNUT/SOL) and the amount in which you wish to buy. Double-check your information before sending in the purchase. It is important to do this in order to obtain the best possible price and avoid making mistakes. By following these steps, you should be able to have PNUT in your portfolio.
Step-by-Step Procedure for Buying PNUT on Well-known Platforms
For clarity, let us break down how to buy PNUT on three different exchanges, each targeting different tastes in buying: one CEX, one DEX, and one aggregator in DeFi.
PNUT, like in the case of other cryptocurrencies, can be purchased on whichever platform is best for you.
How to buy PNUT on Binance (Centralized Exchange)
- Proceed to Binance: Go through account setup and ID verification steps if requested.
- Depositing funds: Add funds to your account, in fiat (when possible) or in cryptocurrencies.
- Find PNUT Trading Pair: Search for PNUT in the trading tab. Some common pairs include PNUT/USDT.
- Order type: Choose if you want to execute a market order (buy at once) or a limit order (at a specified price).
- Withdrawing to Your Wallet: Alternatively, once bought, PNUT can be stored in your Gate.io account or be drawn out to a personal wallet for better security.
How to buy PNUT on Raydium (Decentralized Exchange)
- Go to Raydium: Access the official website for Uniswap and connect your wallet.
- PNUT Contract Import: If PNUT does not populate automatically, you can input its contract address manually.
- Swap USDT for PNUT: Enter the USDT amount you wish to swap, preview the swap information, and confirm the swap.
How to buy PNUT on Jupiter (DeFi Aggregator)
- Connect Wallet: Go to the website of Jupiter and connect your Web3 wallet (Phantom, Solflare, and others).
- Pick Token Pair: Choose the token to swap and pick PNUT as the token to purchase.
- Approve & Swap: Approve the token spend if needed, then confirm the trade.
- Confirm Purchase: Complete Transaction in Wallet
- Finish buying: Confirm purchase in wallet.
Alternative Purchase Arrangements for PNUT
Although exchanges and aggregators are the most typical way, there are some who like alternative, unconventional methods for purchasing PNUT coin. The following are some alternative options, though they may be available depending on where you're based:
Another thing to keep in mind is that PNUT reached a record-high at €2.35, proving its volatility in prices.
Instant Swap Platforms
They have some exchanges like Changelly or SwapSpace, wherein you can exchange one crypto for PNUT instantaneously, without much configuration. They are appropriate if you have highly traded coins like USDT, ETH, or BTC.
P2P (Peer-to-Peer) Trading
Although PNUT is not as liquid as some of the other P2P tokens, there could be someone who is looking to sell it to you in LocalCryptos or some Telegram channels. Be cautious and confirm trust before buying.
Special Wallets and Super Apps
Particularly, certain wallets like TokenPocket or Trust Wallet enable direct buy PNUT in the app, be it through swaps or purchase functionalities integrated in them. It can be highly convenient if you want to hold PNUT in a self-custodial wallet right from start.
Key Tips before Purchase PNUT
- Ensure Contract Address is Correct: Since there are duplicate tokens for identical names, double confirm the real PNUT contract address before buying.
- Fees: Fees are highly different across different platforms. CEX sites have lower fees for trades but have gas fees in DEX sites, and fees are fluctuating.
- Security: Decentralized sites are simple to use but hold funds. To have complete control, store your PNUT in a personal wallet when buying.
Conclusion
Now you know exactly how to buy PNUT across multiple modes and platforms. If you enjoy the user-friendliness of central exchanges like Gate.io, the flexibility of decentralized exchanges like Uniswap, or the smart searching for prices offered by aggregators like Jup.ag, there is a way for you. As always, be patient, double-checking is vital, and don't invest more than you can afford to lose. By following these steps, you are able to buy and keep PNUT safely and securely. Please let me know if you'd like me to style it for WordPress or if there is a second article for another token.
