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 BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. PAX Gold (PAXG) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you've chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find PAX Gold (PAXG) As soon as your deposit has been approved, you'll directly have access to your funds and you can commence purchasing and trading. To purchase PAX Gold (PAXG) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to discover PAX Gold (PAXG), you'll need to insert the short name of the asset (PAXG) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we have marked this also. Click on “PAXG/BTC” to proceed.
Step 4 – Purchasing PAX Gold (PAXG) As soon as 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 (on the Left of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest valuation PAX Gold (PAXG) was sold for. You can change this to your favoured rate. The ”Amount” field is the amount of PAXG you want to buy. The ”Total” field is the whole price in BTC that you will settle for the whole volumen of PAXG. When you're happy, click on “Buy PAXG”. Your order will be filled when a Seller sells their PAXG for the price you introduced.
Step 5 – Withdraw PAX Gold (PAXG) Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer time period. To withdraw your PAX Gold (PAXG), go to the tab called “Funds” and click on “Withdraw”. PAX Gold (PAXG) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find PAX Gold (PAXG) by using the provided drop-down box. Drop in the amount of PAX Gold (PAXG) you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, click “Submit”. You may be requested for email/phone verification ahead of a withdrawal.