How to Buy Pirate Chain on CoinEx

Pirate Chain (ARRR) is a privacy-focused cryptocurrency that uses advanced cryptographic techniques to protect user identities and transaction details. It’s popular among users who value anonymity and financial privacy. Unlike many coins, ARRR is entirely private by default, making it a standout option in the privacy coin sector.

If you’re looking to buy ARRR, CoinEx is one of the few reliable exchanges that list it. CoinEx is a global crypto trading platform known for its user-friendly interface, wide range of cryptocurrencies, and straightforward trading process, ideal for beginners.

For more insights and updates on the latest trends in crypto, be sure to check out our Nifty Finances platform, which is your gateway to smarter financial decisions in the digital economy.

Step-by-Step Guide: How to Buy Pirate Chain on CoinEx

Step 1: Create a CoinEx Account

To get started, visit coinex.com and click “Sign Up.” You’ll be asked to enter your email address and create a strong password. After submitting the form, CoinEx will send you a verification email—click the link in the email to activate your account.

While CoinEx doesn’t always require identity verification (KYC) for basic trading, some services or higher withdrawal limits may need verification. You can complete this in your account settings by uploading a government-issued ID and a selfie.

To keep your account secure, enable Two-Factor Authentication (2FA) in the security settings. This adds an extra layer of protection to your account by requiring a code from an authentication app like Google Authenticator.

Step 2: Deposit Funds

Before you can buy ARRR, you’ll need to fund your CoinEx account. CoinEx supports both crypto and fiat deposits.

To deposit crypto:

1. Log in to your CoinEx account.
2. Click “Assets” > “Deposit.”
3. Select a cryptocurrency you already own, such as BTC or USDT.
4. Copy your CoinEx wallet address and use it to send funds from your external wallet or another exchange.

If Fiat is supported in your region, you can also buy crypto directly with a credit card or through a Fiat gateway integrated with CoinEx. This is often the easiest way for beginners to get started.

Step 3: Search for ARRR

Once your deposit arrives, you’re ready to trade.

1. Go to the “Markets” section on the top navigation bar.
2. In the search bar, type “ARRR.”
3. Look for a trading pair like ARRR/USDT or ARRR/BTC, depending on what you deposited.
4. Click on the pair to open the trading interface.

Step 4: Place an Order

In the trading interface, you’ll see the order book, price chart, and buy/sell panel.

To buy ARRR using a market order:

• Choose “Market” as your order type.
• Enter the amount of ARRR you want to buy or the amount of USDT/BTC you want to spend.
• Click “Buy ARRR.”
• This will execute immediately at the current market price.

To place a limit order (optional for experienced users):

• Choose “Limit” and set the price you’re willing to pay.
• Your order will only execute when the market matches your price.

Step 5: Withdraw to a Wallet

While keeping your ARRR on CoinEx is convenient, it’s safer to store it in a private wallet you control.

To withdraw:

1. Go to “Assets” > “Withdraw.”
2. Select ARRR from the list.
3. Enter your Pirate Chain wallet address and the amount you wish to withdraw.
4. Double-check the wallet address, especially with privacy coins like ARRR.
5. Confirm the withdrawal.

Supported wallets for ARRR include:

• Pirate Wallet Lite (easy for beginners)
• Full Node Wallets (for advanced privacy)
• Mobile Wallets, like Edge or Paper Wallets, for offline storage

Tips and Cautions

• Check withdrawal fees before moving your coins.
• Always double-check wallet addresses. Mistakes can lead to permanent loss.
• Do your research (DYOR) before investing. Privacy coins can be volatile and may have regulatory implications.
• Consider keeping a backup of your wallet’s recovery phrase in a safe place.

Buying Pirate Chain on CoinEx is a straightforward process when broken down into simple steps. With a secure account, deposited funds, and a bit of patience, you can purchase ARRR and withdraw it to a private wallet in just a few minutes. Always prioritize security and stay informed to make the most of your crypto journey.