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 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Avalanche (AVAX) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you have chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate Avalanche (AVAX) As soon as your deposit has been verified, you will now have access to your funds and you can commence invest and trading. To buy Avalanche (AVAX) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate Avalanche (AVAX), you will need to insert the shortname of the coin (AVAX) into the search box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we have marked this too. Click on “AVAX/BTC” to continue.
Step 4 – Acquisition of Avalanche (AVAX) After you have located Avalanche (AVAX), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent rate Avalanche (AVAX) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of AVAX you wish to buy. The ”Total” field is the whole price in BTC that you'll pay for the complete quantity of AVAX. If you are glad, click on “Buy AVAX”. Your plan will be filled as soon as a Seller sells their AVAX for the price you gave.
Step 5 – Withdraw Avalanche (AVAX) Unless you're frequently trading, you should never keepyour coins on an Crypto Trader for an extensive time frame. In order to take off your Avalanche (AVAX), go to the ”Funds” tab and mouse click on “Withdraw”. Avalanche (AVAX) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Avalanche (AVAX) by using the given drop-down box. Drop in the quantity of Avalanche (AVAX) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.