A Step-by-Step-Guide on how to buy Paxos Standard (PAX)
Step 1 – Signup to CEX.io You will first need to buy one of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and receive your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Paxos Standard (PAX) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate (PAX) Paxos Standard Once your deposit has been affirmed, you'll instantly have access to your assets and you can initiate buying and trading. To purchase (PAX) Paxos Standard on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to find (PAX) Paxos Standard, you'll need to put the short name of the asset (PAX) into the search-box, which is marked in the image. Be certain of having selected the correct pairing, we've marked this also. Click on “PAX/BTC” to advance.
Step 4 – Buying Paxos Standard (PAX) As soon as you've spotted Paxos Standard (PAX), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our Limit Order. The ”Price” field will be automatically filled with the most recent rate Paxos Standard (PAX) was sold for. This can be changed to your favoured price. The ”Amount” field is the volumen of PAX you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete volumen of PAX. When you are happy, click on “Buy PAX”. Your plan will be filled as soon as a Seller sells their PAX for the price you gave.
Step 5 – Withdraw (PAX) Paxos Standard Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive time frame. In order to take off your (PAX) Paxos Standard, go to the ”Funds” tab and click on “Withdraw”. (PAX) Paxos Standard can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (PAX) Paxos Standard by using the provided drop-down box. Drop in the volumen of (PAX) Paxos Standard you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're happy, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.