How to Buy Paxos Standard (PAX)

Step 1 – Join Kraken

You'll first need to purchase units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and to get Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Funds to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Paxos Standard (PAX) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you have selected the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Paxos Standard (PAX)

As soon as your deposit has been confirmed, you will instantly have access to your finances and you can initiate purchasing and trading. To invest in Paxos Standard (PAX) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

In order to spot Paxos Standard (PAX), you will need to put the short name of the asset (PAX) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we have marked this also. Click on “PAX/BTC” to advance.

Step 4 – Purchasing Paxos Standard (PAX)

Once you've found Paxos Standard (PAX), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation Paxos Standard (PAX) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of PAX you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of PAX.

If you are glad, click on “Buy PAX”. Your plan will be filled when a Vender trades their PAX for the price you gave.

Step 5 – Withdraw Paxos Standard (PAX)

Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an longer time frame. In order to withdraw your Paxos Standard (PAX), hover over the ”Funds” tab and mouse click on “Withdraw”. Paxos Standard (PAX) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Paxos Standard (PAX) by using the provided drop-down box. Drop in the amount of Paxos Standard (PAX) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

When you're satisfied, click “Submit”. You could be requested for email/phone verification before a withdrawal.