A Step-by-Step-Guide on how to buy yAxis (YAX)
Step 1 – Signup to Kraken You'll first need to purchase units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. yAxis (YAX) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find yAxis (YAX) As soon as your deposit has been approved, you will instantly have access to your funds and you can start buying and trading. To buy yAxis (YAX) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”. In order to locate yAxis (YAX), you'll need to insert the shortname of the coin (YAX) 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 “YAX/BTC” to go ahead.
Step 4 – Acquisition of yAxis (YAX) As soon as you have found yAxis (YAX), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're making our own Limit Order. The ”Price” field will be filled with the most latest price yAxis (YAX) was traded for. You can change this to your preferred price. The ”Amount” field is the quantity of YAX you like to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole quantity of YAX. If you are satisfied, click on “Buy YAX”. Your order will be filled as soon as a Vendor trades their YAX for the price you submitted.
Step 5 – Withdraw yAxis (YAX) Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Trader for an longer time frame. In order to take off your yAxis (YAX), go to the ”Funds” tab and mouse click on “Withdraw”. yAxis (YAX) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate yAxis (YAX) by using the provided drop-down box. Put into the amount of yAxis (YAX) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.