A Step-by-Step-Guide on how to buy Safex Cash (SFX)
Step 1 – Join CEX.io You'll first need to purchase units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and to get your Ethereum or Bitcoin.
Step 2 – Send Your Funds to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Safex Cash (SFX) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate Safex Cash (SFX) Once your deposit has been verified, you will now have access to your assets and you can begin buying and trading. To invest in Safex Cash (SFX) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To spot Safex Cash (SFX), you will need to put the shortname of the coin (SFX) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we've marked this also. Click on “SFX/BTC” to continue.
Step 4 – Buying Safex Cash (SFX) As soon as you have discovered Safex Cash (SFX), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be filled with the most latest price Safex Cash (SFX) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of SFX you want to buy. The ”Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of SFX. When you are happy, make a mouse click on “Buy SFX”. Your plan will be filled as soon as a Seller sells their SFX for the price you gave.
Step 5 – Withdraw Safex Cash (SFX) Unless you're regularly trading, best advise is not to keep coins on an Exchange for an extensive period of time. In order to take off your Safex Cash (SFX), hover over the ”Funds” tab and click on “Withdraw”. Safex Cash (SFX) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Safex Cash (SFX) by using the given drop-down box. Put into the volumen of Safex Cash (SFX) you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you are happy, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.