A Step-by-Step-Guide on how to buy Beaxy (BXY)
Step 1 – Signup to CEX.io You'll first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Beaxy (BXY) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Beaxy (BXY) Once your deposit has been confirmed, you'll immediately have access to your funds and you can commence purchasing and trading. To invest in Beaxy (BXY) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate Beaxy (BXY), you will need to insert the short name of the asset (BXY) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we've marked this also. Click on “BXY/BTC” to advance.
Step 4 – Purchase Beaxy (BXY) Once you have spotted Beaxy (BXY), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest valuation Beaxy (BXY) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of BXY you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole quantity of BXY. When you are glad, make a mouse click on “Buy BXY”. Your plan will be filled when a Vender sells their BXY for the price you submitted.
Step 5 – Withdraw Beaxy (BXY) Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an longer period of time. To withdraw your Beaxy (BXY), hover over the ”Funds” tab and click on “Withdraw”. Beaxy (BXY) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Beaxy (BXY) by using the provided drop-down box. Put into the volumen of Beaxy (BXY) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.