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).
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Paxos Standard (PAX) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate Paxos Standard (PAX) Once your deposit has been affirmed, you'll immediately have access to your finances and you can launch purchasing and trading. To purchase Paxos Standard (PAX) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To discover Paxos Standard (PAX), you'll need to put the shortname of the coin (PAX) into the search box, which is highlighted in the image. Make sure you have selected the proper pairing, we've highlighted this also. Click on “PAX/BTC” to continue.
Step 4 – Purchase Paxos Standard (PAX) After you have found Paxos Standard (PAX), 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 creating our Limit Order. The field with the “Price” tag will be filled automatically with the recent rate Paxos Standard (PAX) was sold for. This can be changed to your preferred rate. The ”Amount” field is the quantity of PAX you like to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete quantity of PAX. When you are satisfied, make a mouse click on “Buy PAX”. Your plan will be filled as soon as a Seller sells their PAX for the price you offered.
Step 5 – Withdraw Paxos Standard (PAX) Unless you're trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. To withdraw your Paxos Standard (PAX), go to the ”Funds” tab and mouse click on “Withdraw”. Paxos Standard (PAX) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Paxos Standard (PAX) by using the given drop-down box. Put into the amount of Paxos Standard (PAX) you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address. When you're glad, click “Submit”. You could be asked for email/phone verification ahead of a take off.