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).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. IoTeX (IOTX) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find IoTeX (IOTX) As soon as your deposit has been affirmed, you will now have access to your assets and you can start buying and trading. To invest in IoTeX (IOTX) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. To find IoTeX (IOTX), you will need to insert the short name of the asset (IOTX) into the search box, which is highlighted in the picture. Be certain of having selected the correct grouping, we have highlighted this too. Click on “IOTX/BTC” to progress.
Step 4 – Buy IoTeX (IOTX) Once you have spotted IoTeX (IOTX), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our own Limit Order. The ”Price” field will be filled with the most up-to-date price IoTeX (IOTX) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of IOTX you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole volumen of IOTX. When you are satisfied, click on “Buy IOTX”. Your plan will be filled when a Vendor sells their IOTX for the price you submitted.
Step 5 – Withdraw IoTeX (IOTX) Unless you're trading, you should never keepyour crypto coins on an Crypto Trader for an extended time frame. In order to withdraw your IoTeX (IOTX), hover over the ”Funds” tab and mouse 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. Enter the quantity of IoTeX (IOTX) you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, click on “Submit”. You may be requested for phone/email verification before a take off.