A Step-by-Step-Guide on how to buy Avalanche IOU (AVAX)
Step 1 – Signup to Kraken You'll first need to purchase units of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Avalanche IOU (AVAX) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Avalanche IOU (AVAX) As soon as your deposit has been approved, you will instantly have access to your funds and you can begin buying and trading. To buy Avalanche IOU (AVAX) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To find Avalanche IOU (AVAX), you will need to insert the short name of the asset (AVAX) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we have marked this too. Click on “AVAX/BTC” to progress.
Step 4 – Purchase Avalanche IOU (AVAX) After you have discovered Avalanche IOU (AVAX), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're creating our Limit Order. The ”Price” field will be filled automatically with the most latest rate Avalanche IOU (AVAX) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of AVAX you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete quantity of AVAX. When you're happy, make a mouse click on “Buy AVAX”. Your plan will be filled as soon as a Seller trades their AVAX for the price you gave.
Step 5 – Withdraw Avalanche IOU (AVAX) Unless you are frequently trading, best advise is not to keep your crypto on an Exchange for an longer time frame. In order to withdraw your Avalanche IOU (AVAX), hover over the ”Funds” tab and mouse click on “Withdraw”. Avalanche IOU (AVAX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Avalanche IOU (AVAX) by using the provided drop-down box. Put into the amount of Avalanche IOU (AVAX) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.