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 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. IoTeX (IOTX) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find IoTeX (IOTX) Once your deposit has been affirmed, you will immediately have access to your assets and you can begin buying and trading. To invest in IoTeX (IOTX) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To spot IoTeX (IOTX), you'll need to put the shortname of the coin (IOTX) into the search-box, which is highlighted in the picture. Make sure you have selected the right grouping, we have marked this also. Click on “IOTX/BTC” to go ahead.
Step 4 – Acquisition of IoTeX (IOTX) As soon as you've found 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). And now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most recent rate IoTeX (IOTX) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of IOTX you like to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the complete volumen of IOTX. When you are glad, click on “Buy IOTX”. Your order will be filled when a Vendor trades their IOTX for the price you offered.
Step 5 – Withdraw IoTeX (IOTX) Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your IoTeX (IOTX), go to the tab called “Funds” and click on “Withdraw”. IoTeX (IOTX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate IoTeX (IOTX) by using the given drop-down box. Put into the quantity of IoTeX (IOTX) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you're happy, click “Submit”. You could be requested for email/phone verification before a take off.