How to Buy IoTeX (IOTX)

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).

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. IoTeX (IOTX) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual)

Make sure you have chosen the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate IoTeX (IOTX)

Once your deposit has been confirmed, you will now have access to your finances and you can launch buying and trading. To invest in IoTeX (IOTX) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to discover IoTeX (IOTX), you will need to insert the cointype (IOTX) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we've highlighted this too. Click on “IOTX/BTC” to advance.

Binance Hot To Buy IoTeX (IOTX)
Binance How to Buy (IOTX) IoTeX
Step 4 – Buying IoTeX (IOTX)

As soon as you've found IoTeX (IOTX), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to make our own Limit Order.

The ”Price” field will be filled with the latest price IoTeX (IOTX) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of IOTX you like to purchase. The ”Total” field is the total price in Bitcoin that you will settle for the complete volumen of IOTX.

If you're happy, make a mouse click on “Buy IOTX”. Your plan will be filled when a Vendor sells their IOTX for the price you gave.

Step 5 – Withdraw IoTeX (IOTX)

Unless you're frequently trading, never keep your crypto on an Exchange for an extended time period. In order to withdraw your IoTeX (IOTX), go to the tab called “Funds” and mouse click on “Withdraw”. IoTeX (IOTX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate IoTeX (IOTX) by using the provided drop-down box. Enter the quantity of IoTeX (IOTX) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

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

Binance Withdraw

Kudos! You have successfully purchased and safed IoTeX (IOTX).

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (IOTX) IoTeX is stored in your wallet, you're finished.

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