A Step-by-Step-Guide on how to buy PAX Gold (PAXG)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first 10 Dollar.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. PAX Gold (PAXG) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate PAX Gold (PAXG) As soon as your deposit has been approved, you will now have access to your finances and you can commence invest and trading. To buy PAX Gold (PAXG) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to discover PAX Gold (PAXG), you will need to insert the cointype (PAXG) into the search-box, which is marked in the image. Be certain of having selected the right pairing, we've marked this too. Click on “PAXG/BTC” to go ahead.
Step 4 – Buying (PAXG) PAX Gold As soon as you have spotted (PAXG) PAX Gold, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff (PAXG) PAX Gold was traded for. You can change this to your preferred price. The ”Amount” field is the quantity of PAXG you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete quantity of PAXG. If you are happy, click on “Buy PAXG”. Your order will be filled as soon as a Vendor trades their PAXG for the price you submitted.
Step 5 – Withdraw PAX Gold (PAXG) Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended period of time. To take off your PAX Gold (PAXG), go to the ”Funds” tab and mouse click on “Withdraw”. PAX Gold (PAXG) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate PAX Gold (PAXG) by using the provided drop-down box. Put into the volumen of PAX Gold (PAXG) you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.