Did you know? PKT has been listed on Bittrex and Bitmart a few weeks ago. That’s a great achievement since the trading volume of Bittrex is approximately 81 billion dollars per day, placing it in the top 25 exchanges in the world. 🙂
In this blog post, you’ll learn about:
- What is PKT?
- What is Bittrex?
- How to create an account on Bittrex?
- How to buy PKT on Bittrex?
As mentioned previously, there might be others who are unfamiliar with the concept of PKT. That is why I’ll start from the beginning and explain this type of cryptocurrency.
What Is PKT?
PKT coin is a new type of cryptocurrency which works using its own blockchain, which uses the Bitcoin codebase. It is very easy to mine since it utilizes the unused bandwidth of its users and rewards them with PKT Cash for sharing it.
The main agenda of PKT is to decentralize somehow the overall ISP (Internet Service Provider) industry and make everyone their own internet provider.
Moreover, it uses Cjdns technology, an open-source mesh routing protocol designed to create decentralized mesh networks. It allows easy configuration and provides powerful security properties.
What is Bittrex?
Bittrex is one of the largest cryptocurrency exchanges out there. It charges 0.25% on all trades, which is one of the lowest transactions free available on any exchange. Security is the core tenet of Bittrex, making it one of the most secure exchanges available.
There are over 200 cryptocurrencies available on the Bittrex exchange. Furthermore, there are 500,000+ active users on this exchange.
The UI of Bittrex is extremely simple and easy to use. If a newcomer uses this exchange, then that person wouldn’t have any issues understanding the interface.
The transaction process is also straightforward. Anyone who wants to withdraw or deposit funds in their wallet can do so without any issue.
How to Create an Account on Bittrex?
First, go to the official website of Bittrex (it’s a referral link, meaning I’ll get rewarded at no cost to you :)) and click on the “Sign Up” option in the header section.
Here, you’ll create an account for trading on Bittrex. Start by selecting the “Account Type,” then enter your email address and password. There is also a referral code section which is optional. If you have one, you can use it.
After entering your account details, you’ll receive a message to verify the email address that you’ve given.
Go to your email account. There will be a new email which you’ll open and click on the “Verify Email” button.
You will see a page titled “Legal Notice” following the verification process.” At the bottom, you’ll see checkboxes. Check them, and after doing that, click on the “I agree” button.
Enter your personal details like your country, street address & date of birth, etc. Fill in all the details and click on the “Continue” button.
You will have to provide a front and back image of your government-issued ID card and a clear selfie of yourself on the next page.
Note: Don’t forget to select your nationality.
If you don’t provide any proof of identification, it will again ask for authentication. Just provide the required identification, and you’ll be good to go.
This way, you will create your very own Bittrex account. Following the completion of your account, you can purchase any coin.
How to buy PKT on Bittrex
Using Bittrex account to purchase or sell coins is a very simple process.
Step 1: Depositing USD in Wallet via Credit Card & Debit Card
Start by depositing the USDT amount in your Bittrex wallet since PKT is listed as USDT and BTC. On the main page of the Bittrex website, click on the “Holdings” option to open your wallet.
You’ll see your wallet with all the coins available in it. Search for “USD” and click on the deposit option.
Here, you’ll deposit USD using either a credit/debit card or wire transfer. Enter the amount of USD you want to enter and click on the “Enter card info next” button to continue.
Next, enter the card details that it requires and continue with depositing USD in your wallet.
Bonus Method to Depositing USDT from Other Exchanges
If you have an account on Binance or Coinbase where you can deposit USDT through your bank account, credit or debit card, or P2P. Currently, I have some USDT on Kucoin that I’ll transfer to Bittrex.
Now I need to transfer the fund from my trading account to the main account.
Click the Withdraw button.
The USDT coins should be sent to the Bittrex USDT wallet address. Please observe the animation below. It is important that you deposit to the same network as I selected ERC20 which charges 35$ for a single transaction. I recommend that you use LTC since it has almost zero fees. Later on, you can convert LTC into USDT on Bittrex or send LTC directly from Kucoin to Bittrex.
Step 3: Buying PKT (Trading USDT-PKT)
PKT can be purchased in a very simple manner. Select Markets, enter PKT in the search field and click Trade USDT-PKT.
You can place a market order or a limit order to purchase PKT. Market orders purchase PKT at the current market price, whereas limits orders allow you to specify the price at which you will purchase the stock.
Using the above-mentioned methods, you can easily buy PKT on Bittrex, but the only limitation right now is that at the time of writing this article, PKT hasn’t been listed on Bittrex.
It shouldn’t deter you because by the time you read this blog post, the PKT will be listed, and the overall buying process will be the same as others.