A Step-by-Step-Guide on how to buy Avalanche IOU (AVAX)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Avalanche IOU (AVAX) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate Avalanche IOU (AVAX) Once your deposit has been approved, you will instantly have access to your funds and you can start invest and trading. To purchase Avalanche IOU (AVAX) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To find Avalanche IOU (AVAX), you will need to put the cointype (AVAX) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we have highlighted this too. Click on “AVAX/BTC” to go on.
Step 4 – Purchasing Avalanche IOU (AVAX) Once you have spotted Avalanche IOU (AVAX), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to make our own Limit Order. The ”Price” field will be filled with the most recent rate Avalanche IOU (AVAX) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of AVAX you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole volumen of AVAX. When you are satisfied, make a mouse click on “Buy AVAX”. Your order will be filled when a Vendor trades their AVAX for the price you introduced.
Step 5 – Withdraw Avalanche IOU (AVAX) Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an extensive period of time. In order to take off your Avalanche IOU (AVAX), go to the tab called “Funds” and click on “Withdraw”. Avalanche IOU (AVAX) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Avalanche IOU (AVAX) by using the provided drop-down box. Enter the quantity of Avalanche IOU (AVAX) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification before a take off.