A Step-by-Step-Guide on how to buy BITIFEX (BITX)

Step 1 – Join Coinbase – Get Free $10

In the beginning you'll need to purchase units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and receive your first 10 Dollar.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. BITIFEX (BITX) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate BITIFEX (BITX)

Once your deposit has been confirmed, you'll immediately have access to your finances and you can launch invest and trading. To purchase BITIFEX (BITX) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To find BITIFEX (BITX), you'll need to insert the short name of the asset (BITX) into the search box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “BITX/BTC” to go ahead.

Binance Hot To Buy BITIFEX (BITX)
Binance How to Buy (BITX) BITIFEX
Step 4 – Purchasing BITIFEX (BITX)

Once you have spotted BITIFEX (BITX), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to make our Limit Order.

The ”Price” field will be filled automatically with the latest price BITIFEX (BITX) was traded for. This can be changed to your favoured rate. The ”Amount” field is the quantity of BITX you like to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the complete quantity of BITX.

If you're satisfied, click on “Buy BITX”. Your order will be filled as soon as a Vender trades their BITX for the price you gave.

Step 5 – Withdraw (BITX) BITIFEX

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer period of time. In order to withdraw your (BITX) BITIFEX, hover over the ”Funds” tab and click on “Withdraw”. (BITX) BITIFEX can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BITX) BITIFEX by using the given drop-down box. Drop in the amount of (BITX) BITIFEX you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification before a take off.

Binance Withdraw

Kudos! You've successfully purchased and stored BITIFEX (BITX).

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal with or and the BITIFEX (BITX) is stored inside your wallet, you are all done.