A Step-by-Step-Guide on how to buy ALAX (ALX)
Step 1 – Join Kraken You will first need to buy one of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Funds to an 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. ALAX (ALX) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) 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, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find ALAX (ALX) Once your deposit has been confirmed, you will now have access to your finances and you can initiate buying and trading. To purchase ALAX (ALX) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to spot ALAX (ALX), you will need to put the cointype (ALX) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we've marked this too. Click on “ALX/BTC” to continue.
Step 4 – Buying ALAX (ALX) As soon as you've spotted ALAX (ALX), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest price ALAX (ALX) was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of ALX you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of ALX. When you are satisfied, click on “Buy ALX”. Your plan will be filled as soon as a Vender trades their ALX for the price you introduced.
Step 5 – Withdraw ALAX (ALX) Unless you're regularly trading, never keep your coins on an Exchange for an longer time frame. To take off your ALAX (ALX), hover over the tab called “Funds” and click on “Withdraw”. ALAX (ALX) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find ALAX (ALX) by using the provided drop-down box. Put into the volumen of ALAX (ALX) you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.