A Step-by-Step-Guide on 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 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Effect.AI (EFX) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Effect.AI (EFX) As soon as your deposit has been confirmed, you'll directly have access to your funds and you can commence buying and trading. To invest in Effect.AI (EFX) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate Effect.AI (EFX), you will need to insert the short name of the asset (EFX) into the search box, which is highlighted in the image. Be certain of having choosen the correct grouping, we have marked this too. Click on “EFX/BTC” to proceed.
Step 4 – Purchasing Effect.AI (EFX) As soon as you've spotted Effect.AI (EFX), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are making our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date tariff Effect.AI (EFX) was sold for. This can be changed to your preferred rate. The ”Amount” field is the amount of EFX you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of EFX. When you are satisfied, make a mouse click on “Buy EFX”. Your order will be filled when a Seller sells their EFX for the price you gave.
Step 5 – Withdraw Effect.AI (EFX) Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer time period. In order to withdraw your Effect.AI (EFX), go to the ”Funds” tab and mouse click on “Withdraw”. Effect.AI (EFX) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Effect.AI (EFX) by using the given drop-down box. Enter the quantity of Effect.AI (EFX) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.
Congrats! You have successfully bought and stored Effect.AI (EFX).That's it! Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the (EFX) Effect.AI is safe within your wallet, you are done.
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