How to Buy PhoenixDAO (PHNX)

A Step-by-Step-Guide on how to buy PhoenixDAO (PHNX)

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first 10 Dollar.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. PhoenixDAO (PHNX) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

Make sure you have selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find PhoenixDAO (PHNX)

Once your deposit has been approved, you'll directly have access to your assets and you can initiate buying and trading. To buy PhoenixDAO (PHNX) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

To find PhoenixDAO (PHNX), you'll need to put the cointype (PHNX) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we've highlighted this too. Click on “PHNX/BTC” to proceed.

Binance Hot To Buy PhoenixDAO (PHNX)
Binance How to Buy (PHNX) PhoenixDAO
Step 4 – Acquisition of (PHNX) PhoenixDAO

As soon as you've discovered (PHNX) PhoenixDAO, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're making our Limit Order.

The field with the “Price” tag will be automatically filled with the most recent tariff (PHNX) PhoenixDAO was traded for. You can change this to your favoured price. The ”Amount” field is the amount of PHNX you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete amount of PHNX.

When you're glad, make a mouse click on “Buy PHNX”. Your order will be filled when a Vender sells their PHNX for the price you introduced.

Step 5 – Withdraw PhoenixDAO (PHNX)

Unless you are frequently trading, never keep your crypto on an Crypto Exchange for an extended period of time. In order to withdraw your PhoenixDAO (PHNX), hover over the tab called “Funds” and click on “Withdraw”. PhoenixDAO (PHNX) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate PhoenixDAO (PHNX) by using the provided drop-down box. Enter the volumen of PhoenixDAO (PHNX) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Binance Withdraw

Congratulations! You've successfully purchased and stored (PHNX) PhoenixDAO.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the (PHNX) PhoenixDAO is stored within your wallet, you are finished.