How to Buy WAX (WAXP)

A Step-by-Step-Guide on how to buy WAX (WAXP)

Step 1 – Join Kraken

You'll first need to buy one of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and to get ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. WAX (WAXP) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find WAX (WAXP)

As soon as your deposit has been approved, you'll directly have access to your assets and you can begin invest and trading. To invest in WAX (WAXP) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To locate WAX (WAXP), you'll need to insert the shortname of the coin (WAXP) into the search box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we have highlighted this also. Click on “WAXP/BTC” to continue.

Binance Hot To Buy WAX (WAXP)
Binance How to Buy (WAXP) WAX
Step 4 – Buy WAX (WAXP)

After you've located WAX (WAXP), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent rate WAX (WAXP) was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of WAXP you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of WAXP.

When you are glad, make a mouse click on “Buy WAXP”. Your plan will be filled as soon as a Vendor trades their WAXP for the price you introduced.

Step 5 – Withdraw WAX (WAXP)

Unless you are frequently trading, best advise is not to keep your coins on an Crypto Trader for an longer time frame. To take off your WAX (WAXP), go to the tab called “Funds” and click on “Withdraw”. WAX (WAXP) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate WAX (WAXP) by using the given drop-down box. Drop in the quantity of WAX (WAXP) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

When you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.

Binance Withdraw

Kudos! You have successfully purchased and safed WAX (WAXP).

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the (WAXP) WAX is safe in your wallet, you're done.

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