How to Buy Blockstack (STX)

Step 1 – Signup to Kraken

You will first need to purchase units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and getting Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Funds to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Blockstack (STX) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate Blockstack (STX)

As soon as your deposit has been approved, you will immediately have access to your assets and you can launch purchasing and trading. To buy Blockstack (STX) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”.

In order to spot Blockstack (STX), you will need to insert the cointype (STX) into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we have marked this too. Click on “STX/BTC” to go ahead.

Step 4 – Buying Blockstack (STX)

Once you've located Blockstack (STX), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent price Blockstack (STX) was traded for. You can change this to your favoured price. The ”Amount” field is the volumen of STX you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete amount of STX.

If you are satisfied, make a mouse click on “Buy STX”. Your plan will be filled as soon as a Vender trades their STX for the price you gave.

Step 5 – Withdraw Blockstack (STX)

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an extended time frame. In order to withdraw your Blockstack (STX), go to the tab called “Funds” and mouse click on “Withdraw”. Blockstack (STX) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Blockstack (STX) by using the provided drop-down box. Drop in the volumen of Blockstack (STX) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

If you're satisfied, click on “Submit”. You may be requested for phone/email verification before a take off.