A Step-by-Step-Guide on how to buy BFX COIN (BFX)
Step 1 – Join Coinbase and get 10$ for free You will first need to purchase units of the top-tier currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and to get your first $10.
Step 2 – Send Your Funds to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. BFX COIN (BFX) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate (BFX) BFX COIN As soon as your deposit has been confirmed, you'll now have access to your assets and you can start purchasing and trading. To purchase (BFX) BFX COIN on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. To spot (BFX) BFX COIN, you'll need to insert the shortname of the coin (BFX) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we have marked this also. Click on “BFX/BTC” to progress.
Step 4 – Buy (BFX) BFX COIN As soon as you've found (BFX) BFX COIN, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to create our own Limit Order. The ”Price” field will be filled with the most up-to-date rate (BFX) BFX COIN was traded for. You can change this to your desired price. The ”Amount” field is the quantity of BFX you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of BFX. When you're happy, make a mouse click on “Buy BFX”. Your plan will be filled as soon as a Seller sells their BFX for the price you introduced.
Step 5 – Withdraw BFX COIN (BFX) Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extensive time period. To withdraw your BFX COIN (BFX), go to the ”Funds” tab and mouse click on “Withdraw”. BFX COIN (BFX) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate BFX COIN (BFX) by using the given drop-down box. Drop in the volumen of BFX COIN (BFX) you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you're satisfied, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.