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How to Buy PhoenixDAO (PHNX)

A Step-by-Step-Guide on how to buy PhoenixDAO (PHNX)

Step 1 – Signup to CEX.io

You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and getting your Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Transfer Your Funds to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. PhoenixDAO (PHNX) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you have selected the correct coin you would like 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, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate PhoenixDAO (PHNX)

As soon as your deposit has been affirmed, you will immediately have access to your assets and you can start purchasing and trading. To invest in PhoenixDAO (PHNX) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find PhoenixDAO (PHNX), you will need to insert the cointype (PHNX) into the search-box, which is marked in the graphic. Be certain of having choosen the proper pairing, we have marked this too. Click on “PHNX/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} PhoenixDAO (PHNX)
Step 4 – Acquisition of PhoenixDAO (PHNX)

After you've located PhoenixDAO (PHNX), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our own Limit Order.

The ”Price” field will be automatically filled with the latest price PhoenixDAO (PHNX) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of PHNX you wish to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole volumen of PHNX.

If you're satisfied, click on “Buy PHNX”. Your order will be filled as soon as a Seller sells their PHNX for the price you gave.

Step 5 – Withdraw PhoenixDAO (PHNX)

Unless you are regularly trading, best advise is not to keep coins on an Exchange for an longer time period. To take off your PhoenixDAO (PHNX), hover over the ”Funds” tab and mouse click on “Withdraw”. PhoenixDAO (PHNX) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate PhoenixDAO (PHNX) by using the given drop-down box. Drop in the amount of PhoenixDAO (PHNX) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you are happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Kudos! You've successfully purchased and stored PhoenixDAO (PHNX).

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the PhoenixDAO (PHNX) is safe inside your wallet, you're finished.

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