A Step-by-Step-Guide on how to buy Safex Cash (SFX)
Step 1 – Join Kraken In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and to get Funds.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Safex Cash (SFX) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Safex Cash (SFX) Once your deposit has been affirmed, you'll instantly have access to your assets and you can begin purchasing and trading. To invest in Safex Cash (SFX) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover Safex Cash (SFX), you'll need to insert the cointype (SFX) into the search box, which is marked in the graphic. Make sure you have choosen the right pairing, we have marked this also. Click on “SFX/BTC” to progress.
Step 4 – Buy Safex Cash (SFX) Once you've discovered Safex Cash (SFX), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to create our Limit Order. The field with the “Price” tag will be filled with the latest valuation Safex Cash (SFX) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of SFX you wish to purchase. The ”Total” field is the whole price in BTC that you will settle for the complete volumen of SFX. If you are glad, click on “Buy SFX”. Your plan will be filled when a Vender sells their SFX for the price you offered.
Step 5 – Withdraw Safex Cash (SFX) Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an longer period of time. In order to withdraw your Safex Cash (SFX), go to the tab called “Funds” and click on “Withdraw”. Safex Cash (SFX) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Safex Cash (SFX) by using the provided drop-down box. Enter the amount of Safex Cash (SFX) you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you're satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.