A Step-by-Step-Guide on how to buy Avalanche (AVAX)
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Avalanche (AVAX) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find Avalanche (AVAX) As soon as your deposit has been verified, you will directly have access to your funds and you can initiate purchasing and trading. To buy Avalanche (AVAX) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To spot Avalanche (AVAX), you will need to insert the short name of the asset (AVAX) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we have marked this too. Click on “AVAX/BTC” to continue.
Step 4 – Purchasing Avalanche (AVAX) As soon as you have spotted Avalanche (AVAX), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are creating our Limit Order. The ”Price” field will be filled automatically with the latest valuation Avalanche (AVAX) was sold for. This can be changed to your favoured price. The ”Amount” field is the quantity of AVAX you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete quantity of AVAX. If you're glad, click on “Buy AVAX”. Your order will be filled when a Vender sells their AVAX for the price you gave.
Step 5 – Withdraw Avalanche (AVAX) Unless you're frequently trading, never keep your coins on an Exchange for an extended time frame. In order to take off your Avalanche (AVAX), go to the ”Funds” tab and mouse click on “Withdraw”. Avalanche (AVAX) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Avalanche (AVAX) by using the provided drop-down box. Enter the volumen of Avalanche (AVAX) you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.