How to buy POKT coins on mobile phone

Using a centralized exchange to buy POKT on mobile offers advantages such as convenience, security, and a wider selection of platforms to choose from.

Dec 02, 2024 at 04:37 am

How to Buy POKT Coins on Mobile Phone

Despite its surging popularity, POKT still remains a relatively niche cryptocurrency. As such, it is not as widely supported as some of the more established coins, such as Bitcoin or Ethereum. However, there are still a few ways to buy POKT on mobile, using either a centralized exchange (CEX) or a decentralized exchange (DEX).

Here's a step-by-step guide on how to buy POKT coins on a mobile phone:

Using a Centralized Exchange (CEX)

1. Create an account on a CEX that supports POKT. There are a few different CEXs that support POKT, including KuCoin, Gate.io, and MEXC Global. Once you have chosen a CEX, create an account and complete the KYC process.
2. Deposit funds into your account. You can deposit funds into your account using a variety of methods. For example, KuCoin supports deposits via credit card, debit card, bank transfer, and cryptocurrencies.
3. Place an order for POKT. Once you have funds in your account, you can place an order for POKT. Navigate to the POKT trading pair, enter the amount of POKT you want to buy, and click the "Buy" button.
4. Your POKT coins will be credited to your account. Once your order is filled, your POKT coins will be credited to your account. You can then withdraw your POKT coins to a hardware wallet or another CEX.

Using a Decentralized Exchange (DEX)

1. Create an account on a DEX that supports POKT. There are a few different DEXs that support POKT, including UniSwap, SushiSwap, and PancakeSwap. Once you have chosen a DEX, create an account and connect your wallet.
2. Deposit funds into your wallet. You can deposit funds into your wallet using a variety of methods. For example, UniSwap supports deposits via MetaMask, WalletConnect, and Coinbase Wallet.
3. Place an order for POKT. Once you have funds in your wallet, you can place an order for POKT. Navigate to the POKT trading pair, enter the amount of POKT you want to buy, and click the "Swap" button.
4. Sign the transaction. You will need to sign the transaction using your wallet. Once you have signed the transaction, your POKT coins will be swapped for your deposited funds.
5. Your POKT coins will be credited to your wallet. Once the transaction is complete, your POKT coins will be credited to your wallet. You can then withdraw your POKT coins to a hardware wallet or another DEX.

Advantages of Buying POKT on Mobile

There are several advantages to buying POKT on mobile.

• Convenience: The ability to buy POKT on mobile gives you the convenience of making trades anywhere, anytime.
• Security: CEXs and DEXs offer a variety of security features to protect your funds.
• Variety: There are a number of CEXs and DEXs that support POKT. This gives you the flexibility to choose the platform that best suits your needs.

Considerations

Before you buy POKT on mobile, there are a few things to keep in mind.

• Fees: CEXs and DEXs charge fees for their services. Before you place an order, be sure to compare the fees of different platforms.
• Slippage: When you place an order on a DEX, there is a chance that the price of POKT will change before your order is filled. This is known as slippage. Be sure to set a limit order to avoid slippage.
• KYC: Some CEXs require you to complete a KYC process before you can buy POKT. This process involves providing your personal information and verifying your identity.