How to Buy Paxos Standard (PAX)

A Step-by-Step-Guide on 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).

Binance Signup
Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Paxos Standard (PAX) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to)

Make sure you've selected the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (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 assets and you can start purchasing and trading. To buy Paxos Standard (PAX) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”.

To locate Paxos Standard (PAX), you will need to put the cointype (PAX) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we have marked this too. Click on “PAX/BTC” to continue.

Binance Hot To Buy Paxos Standard (PAX)
Binance How to Buy (PAX) Paxos Standard
Step 4 – Buying Paxos Standard (PAX)

After you have spotted Paxos Standard (PAX), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are going to make our own Limit Order.

The ”Price” field will be automatically filled with the most recent valuation Paxos Standard (PAX) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of PAX you wish to purchase. The ”Total” field is the total price in BTC that you'll pay for the whole quantity of PAX.

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

Step 5 – Withdraw Paxos Standard (PAX)

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an longer time period. In order to take off your Paxos Standard (PAX), hover over the tab called “Funds” and click on “Withdraw”. Paxos Standard (PAX) can be securely stored using a Wallet, for example 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. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you're satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Binance Withdraw

Congrats! You've successfully purchased and stored Paxos Standard (PAX).

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the (PAX) Paxos Standard is safe within your wallet, you're all done.

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