How to Buy Avalanche IOU (AVAX)

A Step-by-Step-Guide on how to buy Avalanche IOU (AVAX)

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and receive your welcome 10$.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Avalanche IOU (AVAX) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate Avalanche IOU (AVAX)

As soon as your deposit has been confirmed, you will now have access to your assets and you can begin buying and trading. To invest in Avalanche IOU (AVAX) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot Avalanche IOU (AVAX), you will need to insert the short name of the asset (AVAX) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “AVAX/BTC” to continue.

Binance Hot To Buy Avalanche IOU (AVAX)
Binance How to Buy (AVAX) Avalanche IOU
Step 4 – Acquisition of Avalanche IOU (AVAX)

As soon as you've located Avalanche IOU (AVAX), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our own Limit Order.

The ”Price” field will be filled automatically with the recent rate Avalanche IOU (AVAX) was sold for. You can change this to your desired price. The ”Amount” field is the amount of AVAX you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete amount of AVAX.

When you are glad, make a mouse click on “Buy AVAX”. Your plan will be filled as soon as a Vendor sells their AVAX for the price you offered.

Step 5 – Withdraw Avalanche IOU (AVAX)

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extended time period. In order to take off your Avalanche IOU (AVAX), hover over the ”Funds” tab and mouse click on “Withdraw”. Avalanche IOU (AVAX) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Avalanche IOU (AVAX) by using the given drop-down box. Put into the quantity of Avalanche IOU (AVAX) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

When you're glad, click “Submit”. You may be requested for verfication via email/phone before a take off.

Binance Withdraw

Congrats! You have successfully purchased and stored (AVAX) Avalanche IOU.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (AVAX) Avalanche IOU is stored within your wallet, you're all done.