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).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Paxos Standard (PAX) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find Paxos Standard (PAX) As soon as your deposit has been approved, you'll directly have access to your funds and you can initiate invest and trading. To purchase Paxos Standard (PAX) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate Paxos Standard (PAX), you'll need to put the cointype (PAX) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “PAX/BTC” to go ahead.
Step 4 – Purchase Paxos Standard (PAX) After you've spotted Paxos Standard (PAX), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the recent tariff Paxos Standard (PAX) was traded for. You can change this to your preferred rate. The ”Amount” field is the volumen of PAX you like to purchase. The ”Total” field is the aggregated price in BTC that you'll pay for the whole volumen of PAX. If you are satisfied, make a mouse click on “Buy PAX”. Your order will be filled as soon as a Vender sells their PAX for the price you gave.
Step 5 – Withdraw Paxos Standard (PAX) Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time frame. In order to withdraw your Paxos Standard (PAX), hover over 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) Locate Paxos Standard (PAX) by using the given drop-down box. Put into the quantity of Paxos Standard (PAX) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you are happy, click “Submit”. You may be asked for verfication via phone/email before a withdrawal.