How to Buy ColossusXT (COLX)

A Step-by-Step-Guide on how to buy ColossusXT (COLX)

Step 1 – Signup to Kraken

You'll first need to purchase units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your Funds to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. ColossusXT (COLX) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

Make sure you've selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find ColossusXT (COLX)

Once your deposit has been affirmed, you'll immediately have access to your funds and you can begin purchasing and trading. To buy ColossusXT (COLX) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to spot ColossusXT (COLX), you'll need to insert the shortname of the coin (COLX) into the search box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this also. Click on “COLX/BTC” to proceed.

Binance Hot To Buy ColossusXT (COLX)
Binance How to Buy (COLX) ColossusXT
Step 4 – Buy ColossusXT (COLX)

As soon as you have located ColossusXT (COLX), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to make our own Limit Order.

The ”Price” field will be automatically filled with the most recent valuation ColossusXT (COLX) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of COLX you like to buy. The ”Total” field is the whole price in BTC that you will pay for the whole volumen of COLX.

When you're happy, make a mouse click on “Buy COLX”. Your order will be filled as soon as a Seller trades their COLX for the price you offered.

Step 5 – Withdraw ColossusXT (COLX)

Unless you're frequently trading, best advise is not to keep coins on an Exchange for an extended time period. In order to take off your ColossusXT (COLX), go to the ”Funds” tab and click on “Withdraw”. ColossusXT (COLX) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate ColossusXT (COLX) by using the provided drop-down box. Enter the volumen of ColossusXT (COLX) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you're satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Binance Withdraw

Congrats! You have successfully purchased and stored ColossusXT (COLX).

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (COLX) ColossusXT is stored inside your wallet, you're all done.

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