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 – Transmit Your Funds to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Beaxy (BXY) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate Beaxy (BXY) As soon as your deposit has been approved, you will instantly have access to your assets and you can begin buying and trading. To invest in Beaxy (BXY) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to find Beaxy (BXY), you will need to put the cointype (BXY) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we've highlighted this too. Click on “BXY/BTC” to progress.
Step 4 – Buying Beaxy (BXY) Once you've found Beaxy (BXY), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the recent rate Beaxy (BXY) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of BXY you want to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole quantity of BXY. If you're happy, click on “Buy BXY”. Your plan will be filled as soon as a Seller trades their BXY for the price you introduced.
Step 5 – Withdraw Beaxy (BXY) Unless you're trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your Beaxy (BXY), hover over the tab called “Funds” and click on “Withdraw”. Beaxy (BXY) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Beaxy (BXY) by using the given drop-down box. Put into the volumen of Beaxy (BXY) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you're happy, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.