A Step-by-Step-Guide on how to buy Paxos Standard (PAX)
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get your first 10$.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Paxos Standard (PAX) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Paxos Standard (PAX) As soon as your deposit has been verified, you will instantly have access to your finances and you can initiate buying and trading. To invest in Paxos Standard (PAX) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. To find Paxos Standard (PAX), you will need to insert the shortname of the coin (PAX) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this too. Click on “PAX/BTC” to proceed.
Step 4 – Purchase (PAX) Paxos Standard After you have located (PAX) Paxos Standard, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled with the most latest rate (PAX) Paxos Standard was sold for. This can be changed to your favoured price. The ”Amount” field is the quantity of PAX you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole quantity of PAX. If you're satisfied, click on “Buy PAX”. Your plan will be filled as soon as a Seller 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 your crypto coins on an Crypto Exchange for an extended time frame. To withdraw your Paxos Standard (PAX), go to the tab called “Funds” and mouse click on “Withdraw”. Paxos Standard (PAX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Paxos Standard (PAX) by using the provided drop-down box. Enter the amount of Paxos Standard (PAX) you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.