A Step-by-Step-Guide on how to buy Bitfex (BFX)
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and getting your welcome 10$.
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Bitfex (BFX) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find (BFX) Bitfex Once your deposit has been approved, you will now have access to your finances and you can commence purchasing and trading. To buy (BFX) Bitfex on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To discover (BFX) Bitfex, you will need to insert the shortname of the coin (BFX) into the search box, which is marked in the graphic. Be certain of having choosen the right grouping, we've marked this too. Click on “BFX/BTC” to go on.
Step 4 – Buy Bitfex (BFX) After you have found Bitfex (BFX), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our Limit Order. The ”Price” field will be filled automatically with the most up-to-date valuation Bitfex (BFX) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of BFX you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole amount of BFX. When you are happy, make a mouse click on “Buy BFX”. Your plan will be filled when a Vendor sells their BFX for the price you gave.
Step 5 – Withdraw (BFX) Bitfex Unless you're trading, best advise is not to keep crypto on an Exchange for an extended period of time. To withdraw your (BFX) Bitfex, hover over the ”Funds” tab and click on “Withdraw”. (BFX) Bitfex can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BFX) Bitfex by using the provided drop-down box. Drop in the amount of (BFX) Bitfex you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.