How to Buy Effect.AI (EFX)

Step 1 – Signup to Kraken

You'll first need to purchase one of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive Bitcoin or Ethereum.

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Effect.AI (EFX) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate Effect.AI (EFX)

As soon as your deposit has been confirmed, you'll now have access to your finances and you can begin buying and trading. To buy Effect.AI (EFX) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

To find Effect.AI (EFX), you'll need to insert the short name of the asset (EFX) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we've marked this too. Click on “EFX/BTC” to progress.

Step 4 – Buy Effect.AI (EFX)

As soon as you've located Effect.AI (EFX), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date rate Effect.AI (EFX) was traded for. This can be changed to your favoured rate. The ”Amount” field is the quantity of EFX you wish to buy. The ”Total” field is the aggregated price in BTC that you will pay for the whole quantity of EFX.

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

Step 5 – Withdraw Effect.AI (EFX)

Unless you are regularly trading, never keep your crypto coins on an Exchange for an extended time period. To take off your Effect.AI (EFX), hover over the ”Funds” tab and click on “Withdraw”. Effect.AI (EFX) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Effect.AI (EFX) by using the provided drop-down box. Enter the volumen of Effect.AI (EFX) you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you are satisfied, click “Submit”. You may be requested for verfication via phone/email before a take off.