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 BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. PAX Gold (PAXG) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate PAX Gold (PAXG) Once your deposit has been verified, you'll now have access to your funds and you can commence purchasing and trading. To invest in PAX Gold (PAXG) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find PAX Gold (PAXG), you'll need to insert the shortname of the coin (PAXG) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've marked this too. Click on “PAXG/BTC” to go on.
Step 4 – Buy PAX Gold (PAXG) Once you have discovered PAX Gold (PAXG), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to create our own Limit Order. The ”Price” field will be filled with the most recent valuation PAX Gold (PAXG) was traded for. This can be changed to your favoured price. The ”Amount” field is the volumen of PAXG you wish to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the whole volumen of PAXG. When you are glad, click on “Buy PAXG”. Your order will be filled as soon as a Vendor trades their PAXG for the price you offered.
Step 5 – Withdraw PAX Gold (PAXG) Unless you're frequently trading, never keep your crypto on an Crypto Trader for an extended time period. To withdraw your PAX Gold (PAXG), go to the ”Funds” tab and click on “Withdraw”. PAX Gold (PAXG) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find PAX Gold (PAXG) by using the given drop-down box. Drop in the quantity of PAX Gold (PAXG) you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, click on “Submit”. You could be asked for email/phone verification before a withdrawal.