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How to Buy Paxos Standard (PAX)

A Step-by-Step-Guide on how to buy Paxos Standard (PAX)

Step 1 – Join CEX.io

In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Paxos Standard (PAX) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate Paxos Standard (PAX)

As soon as your deposit has been verified, you'll directly have access to your finances and you can initiate buying and trading. To purchase Paxos Standard (PAX) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To discover Paxos Standard (PAX), you'll need to put the cointype (PAX) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “PAX/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Paxos Standard (PAX)
Step 4 – Purchasing Paxos Standard (PAX)

After you've found Paxos Standard (PAX), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are making our own Limit Order.

The ”Price” field will be filled automatically with the most recent tariff Paxos Standard (PAX) was traded for. You can change this to your preferred price. The ”Amount” field is the amount of PAX you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete amount of PAX.

If you're happy, make a mouse click on “Buy PAX”. Your plan will be filled when a Vender trades their PAX for the price you introduced.

Step 5 – Withdraw Paxos Standard (PAX)

Unless you're regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time period. In order to take off your Paxos Standard (PAX), hover over the ”Funds” tab and mouse click on “Withdraw”. Paxos Standard (PAX) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Paxos Standard (PAX) by using the provided drop-down box. Enter the amount of Paxos Standard (PAX) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you are happy, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.

Congrats! You've successfully purchased and stored Paxos Standard (PAX).

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the Paxos Standard (PAX) is stored within your wallet, you're done.

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