A Step-by-Step-Guide on how to buy WAX (WAXP)
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to buy units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your welcome $10.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. WAX (WAXP) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate (WAXP) WAX Once your deposit has been verified, you will now have access to your assets and you can commence purchasing and trading. To buy (WAXP) WAX on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. In order to locate (WAXP) WAX, you will need to put the shortname of the coin (WAXP) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we have marked this too. Click on “WAXP/BTC” to proceed.
Step 4 – Buying (WAXP) WAX Once you've found (WAXP) WAX, you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date rate (WAXP) WAX was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of WAXP you wish to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the complete amount of WAXP. If you're satisfied, click on “Buy WAXP”. Your plan will be filled when a Vendor sells their WAXP for the price you submitted.
Step 5 – Withdraw WAX (WAXP) Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time frame. To withdraw your WAX (WAXP), go to the ”Funds” tab and click on “Withdraw”. WAX (WAXP) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate WAX (WAXP) by using the given drop-down box. Drop in the amount of WAX (WAXP) you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you're happy, click “Submit”. You could be requested for email/phone verification before a take off.