A Step-by-Step-Guide on how to buy IoTeX (IOTX)
Step 1 – Join Kraken You will first need to buy one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. IoTeX (IOTX) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate IoTeX (IOTX) Once your deposit has been verified, you'll now have access to your funds and you can commence buying and trading. To purchase IoTeX (IOTX) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to find IoTeX (IOTX), you'll need to put the shortname of the coin (IOTX) into the search box, which is marked in the graphic. Be certain of having choosen the correct pairing, we've marked this too. Click on “IOTX/BTC” to advance.
Step 4 – Purchase IoTeX (IOTX) As soon as you have located IoTeX (IOTX), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're creating our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date tariff IoTeX (IOTX) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of IOTX you like to purchase. The ”Total” field is the aggregated price in BTC that you'll pay for the whole volumen of IOTX. When you are glad, click on “Buy IOTX”. Your plan will be filled when a Vendor trades their IOTX for the price you submitted.
Step 5 – Withdraw IoTeX (IOTX) Unless you're regularly trading, best advise is not to keep your coins on an Crypto Trader for an longer time period. To take off your IoTeX (IOTX), hover over the tab called “Funds” and click on “Withdraw”. IoTeX (IOTX) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate IoTeX (IOTX) by using the given drop-down box. Drop in the quantity of IoTeX (IOTX) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, click “Submit”. You may be asked for email/phone verification before a withdrawal.
Kudos! You've successfully purchased and safed IoTeX (IOTX).That's it! Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the (IOTX) IoTeX is safe within your wallet, you're finished.
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