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 – Transmit Your Bitcoin or Ethereum to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. PAX Gold (PAXG) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find PAX Gold (PAXG) As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can launch purchasing and trading. To purchase PAX Gold (PAXG) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To find PAX Gold (PAXG), you'll need to insert the short name of the asset (PAXG) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we've marked this too. Click on “PAXG/BTC” to go on.
Step 4 – Buy PAX Gold (PAXG) As soon as you have spotted PAX Gold (PAXG), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most latest tariff PAX Gold (PAXG) was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of PAXG you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole volumen of PAXG. If you are satisfied, click on “Buy PAXG”. Your order will be filled as soon as a Vender sells their PAXG for the price you gave.
Step 5 – Withdraw PAX Gold (PAXG) Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Trader for an longer period of time. To withdraw your PAX Gold (PAXG), go to the tab called “Funds” and click on “Withdraw”. PAX Gold (PAXG) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate PAX Gold (PAXG) by using the provided drop-down box. Enter the volumen of PAX Gold (PAXG) you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, click “Submit”. You may be requested for email/phone verification ahead of a withdrawal.