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How to Buy IoTeX (IOTX)

A Step-by-Step-Guide on how to buy IoTeX (IOTX)

Step 1 – Signup to CEX.io

You will first need to buy units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. IoTeX (IOTX) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you've selected the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find IoTeX (IOTX)

Once your deposit has been approved, you'll instantly have access to your funds and you can initiate buying and trading. To purchase IoTeX (IOTX) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”.

In order to spot IoTeX (IOTX), you'll need to put the cointype (IOTX) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “IOTX/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} IoTeX (IOTX)
Step 4 – Buying IoTeX (IOTX)

As soon as you have found IoTeX (IOTX), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the most latest tariff IoTeX (IOTX) was sold for. You can change this to your desired price. The ”Amount” field is the quantity of IOTX you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of IOTX.

If you're glad, click on “Buy IOTX”. Your plan will be filled as soon as a Vendor trades their IOTX for the price you introduced.

Step 5 – Withdraw IoTeX (IOTX)

Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time frame. To withdraw your IoTeX (IOTX), hover over the tab called “Funds” and click on “Withdraw”. IoTeX (IOTX) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate IoTeX (IOTX) by using the given drop-down box. Drop in the amount of IoTeX (IOTX) you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct 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.

Congrats! You've successfully purchased and stored IoTeX (IOTX).

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the IoTeX (IOTX) is safe in your wallet, you're all done.

Some other Guides on How to buy different Altcoins

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How to Buy Altcoins
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