A Step-by-Step-Guide on how to buy PAX Gold (PAXG)
Step 1 – Join Kraken You'll first need to buy units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Funds to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. PAX Gold (PAXG) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate PAX Gold (PAXG) As soon as your deposit has been verified, you will directly have access to your finances and you can initiate purchasing and trading. To purchase PAX Gold (PAXG) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover PAX Gold (PAXG), you will need to insert the cointype (PAXG) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have marked this too. Click on “PAXG/BTC” to continue.
Step 4 – Buy PAX Gold (PAXG) Once you've found PAX Gold (PAXG), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are making our own Limit Order. The ”Price” field will be automatically filled with the most recent tariff PAX Gold (PAXG) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of PAXG you want to purchase. The ”Total” field is the total price in BTC that you will pay for the whole amount of PAXG. If you are satisfied, make a mouse click on “Buy PAXG”. Your plan will be filled when a Seller sells their PAXG for the price you gave.
Step 5 – Withdraw PAX Gold (PAXG) Unless you are regularly trading, never keep your crypto on an Crypto Exchange for an extended period of time. In order to take off your PAX Gold (PAXG), go to the tab called “Funds” and click on “Withdraw”. PAX Gold (PAXG) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate PAX Gold (PAXG) by using the given drop-down box. Put into the volumen of PAX Gold (PAXG) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address. When you are satisfied, click “Submit”. You could be asked for phone/email verification ahead of a take off.