How to Buy Avalanche IOU (AVAX)

A Step-by-Step-Guide on how to buy Avalanche IOU (AVAX)

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to buy units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and to get your welcome $10.

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Avalanche IOU (AVAX) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've chosen the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find (AVAX) Avalanche IOU

Once your deposit has been confirmed, you will now have access to your assets and you can initiate invest and trading. To invest in (AVAX) Avalanche IOU on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”.

To find (AVAX) Avalanche IOU, you will need to put the short name of the asset (AVAX) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we've marked this also. Click on “AVAX/BTC” to continue.

Binance How To Buy 1 Avalanche IOU (AVAX)
Step 4 – Buying Avalanche IOU (AVAX)

After you have discovered Avalanche IOU (AVAX), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are making our Limit Order.

The “Price” field will be filled automatically with the recent tariff (AVAX) Avalanche IOU was traded for. You can change this to your desired rate. The “Amount” field is the amount of AVAX you like to buy. The “Total” field is the whole price in Bitcoin that you'll pay for the whole amount of AVAX.

When you're glad, make a mouse click on “Buy AVAX”. Your plan will be filled as soon as a Vender trades their AVAX for the price you offered.

Step 5 – Withdraw (AVAX) Avalanche IOU

Unless you are regularly trading, never keep your crypto coins on an Crypto Trader for an extensive time period. In order to take off your Avalanche IOU (AVAX), hover over the “Funds” tab and mouse click on “Withdraw”. Avalanche IOU (AVAX) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (AVAX) Avalanche IOU by using the given drop-down box. Put into the volumen of (AVAX) Avalanche IOU you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

If you are glad, click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Congrats! You have successfully bought and stored (AVAX) Avalanche IOU.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (AVAX) Avalanche IOU is safe within your wallet, you are all done.