Ontology Coin Guide
(Last Updated On: March 21, 2018)

How & Where To Buy Ontology ONT

We would recommend using an established exchange platform such as Binance if you are looking to buy Ontology coins. Either you can make the decision to store the newly acquired ONT tokens on the trading platform or withdraw them and keep them in a wallet where you hold the private keys.. If you are looking to hold for Simple tokens longterm, then move them off the Binance platform. If you are new to Binance, carry on reading this article for a step-by-step guide on how to use this trading platform or visit Binance using the link below.

Visit Binace Here

Ontology Wallet

Ontology has been built on the NEO Blockchain and therefore you can send your ONT tokens to your NEO wallet. If you head over to the NEO Download Page – you will see a wide selection of Desktop, Mobile and Web Wallets to choose from.

If you are holding ONT for the mid-term or long-term, a hardware wallet is your best bet to keep it secure and safe from prying eyes of the hackers. Ledger Nano S added support for NEO wallet in last quarter of 2017 and it works with the NEON wallet. The Ledger Nano S can work with the new neon wallet (0.0.7 or greater). Take a look at our Ledger Nano S review for a full, in-depth look at this hard wallet.

Neo on the nano ledger wallet

The Ledger Nano S manages Neo (NEO) tokens on  Windows (7+), Mac (10.8+), Linux or Chrome OS. It requires Google Chrome or Chromium, and one USB port to plug your Ledger Nano S. Keep in mind that it does not work on Android and iOS. For more information, read our complete Ledger Nano S review, where we cover all aspect of the Ledger – from usability, coin compatibilty, security etc.

nano ledger s hardwallet

 

Sign-Up To Binance To Get Ontology

Enter your email and a strong password (that you won’t forget!) and then Click ‘Register’. You will be sent an email to confirm your email address. Click the link in the email. If you can’t see it, then check your spam folder.

You will be taken back to Binance as your email is confirmed. Press ‘Login’. On the login form, enter the email and password you just used to sign up, then press ‘Login’.

binace confirmed email

A pop-up will advise you to set up 2FA (two-factor authentication) on your account. We strongly recommend you set up 2-factor authorization (2FA) on your account.this second level of security makes it very unlikely they will be able to get into your Binance account.

Adding Funds To Your Binance Account

Hover your mouse over ‘FUNDS’ on the top menu and click on ‘Deposits Withdrawals’. This screen displays any coins which you have stored on Binance – you will need to deposit some. I would suggest using Ethereum due to the lower sending fees. However, you can deposit other coins.

binance add funds

Type ‘Ethereum’ in the search box. This will narrow the wallets displayed to just a few- in those, find Ethereum. Press ‘Deposit’ You will be given an Ethereum (ETH) deposit address. Make sure you have the correct address. If you send a currency to the wrong address, it will be lost forever. (The image below show LTC – this is for example purposes only).

binance add funds part 2

Using The Exchange To Buy Ontology

The exchange page on Binance might appear too much to handle to start with, but don’t worry, you only need to use a small part of it.

There are 2 methods for buying coins on Binance:

  1. A ‘Limit’ order, which enables you to manually set the price you want to buy Ontology Coin at.
  2. A ‘Market’ buy, which fills your order automatically at the best price available. The price may have spiked at that time, so be careful not to overpay. If you like the price then go ahead and use this method. Above the Buy Ontology’ button, click the ‘Market’ option.

In the input box marked ‘Amount’ you now need to fill out what number of Ontology you want to buy. It could be simpler to use the percentage buttons below the input box – for example, press 50% if you’d like to exchange 50% of your Ethereum for Ontology.

Once you’re satisfied with the quantity, press the buy button. Your order will be filled immediately.

Withdrawing Your Ontology Coins From Binance

If you’re happy with it, you can just leave your coins on Binance and they would in all probability be safe. On the other hand, exchanges have been compromised in the past, and users have lost coins, therefore we do suggest you keep them in a personal wallet. (The image below shows LINK coin – this is for example purposes only). Ensure you have selected Ontology – always double check.

  1. Press ‘Funds’ along the top menu, then ‘Deposits Withdrawals’. In the search box, type Ontology. You will now see your new Ontology tokens in to your Ontology wallet.
  2. Click the ‘Withdrawal’ button.
  3. In the boxes that appear on the screen, complete all the information they ask for
  4. Label: Write ‘My wallet’
  5. Address: Put the wallet address that you copied from the Ontology/NEO wallet you created in the earlier section.
  6. Amount: Press the ‘Max’ button to transfer all of your Ontology.

withdraw Ontology from Binance

When you’re positive all information is accurate (check you’ve inputted the correct wallet address!), press ‘Submit’. If you’ve set up two-factor authentication, you will be asked for a code from your phone. Enter it and press ‘Submit’. You will be sent an email to confirm the withdrawal. Go to your email and click the link that’s been sent to you. Thank you for taking the time to read my guide. If you found it any use, then please consider sharing this page with friends and family who might find it useful too.

Visit Binace Here

Leave a Reply