A Step-by-Step-Guide on how to buy Avalanche (AVAX)
Step 1 – Join CEX.io You'll first need to buy one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Avalanche (AVAX) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate Avalanche (AVAX) As soon as your deposit has been affirmed, you will immediately have access to your funds and you can initiate invest and trading. To invest in Avalanche (AVAX) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To locate Avalanche (AVAX), you will need to put the cointype (AVAX) into the search-box, which is highlighted in the picture. Make sure you have selected the right pairing, we have highlighted this also. Click on “AVAX/BTC” to go on.
Step 4 – Purchasing Avalanche (AVAX) Once you've located Avalanche (AVAX), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're making our Limit Order. The field with the “Price” tag will be filled with the up-to-date valuation Avalanche (AVAX) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of AVAX you want to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete volumen of AVAX. If you are satisfied, click on “Buy AVAX”. Your plan will be filled when a Vendor trades their AVAX for the price you offered.
Step 5 – Withdraw Avalanche (AVAX) Unless you are frequently trading, best advise is not to keep crypto on an Exchange for an extensive time frame. To withdraw your Avalanche (AVAX), hover over the ”Funds” tab and mouse click on “Withdraw”. Avalanche (AVAX) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Avalanche (AVAX) by using the provided drop-down box. Put into the amount of Avalanche (AVAX) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. When you are happy, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.