How to Buy Avalanche IOU (AVAX)

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).

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Avalanche IOU (AVAX) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you have selected the right coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate Avalanche IOU (AVAX)

As soon as your deposit has been verified, you'll now have access to your funds and you can begin purchasing and trading. To invest in Avalanche IOU (AVAX) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To find Avalanche IOU (AVAX), you'll need to put the short name of the asset (AVAX) into the search box, which is highlighted in the image. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “AVAX/BTC” to continue.

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

Once you've spotted Avalanche IOU (AVAX), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent tariff Avalanche IOU (AVAX) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of AVAX you wish to buy. The ”Total” field is the aggregated price in BTC that you will settle for the complete volumen of AVAX.

When you are happy, make a mouse click on “Buy AVAX”. Your plan will be filled when a Seller trades their AVAX for the price you introduced.

Step 5 – Withdraw Avalanche IOU (AVAX)

Unless you are regularly trading, best advise is not to keep crypto coins on an Exchange for an extended time frame. To take off your Avalanche IOU (AVAX), go to the ”Funds” tab and mouse click on “Withdraw”. Avalanche IOU (AVAX) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Avalanche IOU (AVAX) by using the provided drop-down box. Drop in the quantity of Avalanche IOU (AVAX) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address.

When you are glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Binance Withdraw

Congratulations! You've successfully purchased and safed Avalanche IOU (AVAX).

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (AVAX) Avalanche IOU is safe inside your wallet, you are done.

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