A Step-by-Step-Guide on how to buy BFX COIN (BFX)
Step 1 – Join Coinbase and receive 10$ in Bitcoin In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. BFX COIN (BFX) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find (BFX) BFX COIN Once your deposit has been approved, you will directly have access to your funds and you can commence buying and trading. To invest in BFX COIN (BFX) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. In order to spot BFX COIN (BFX), you will need to insert the short name of the asset (BFX) into the search box, which is marked in the graphic. Be certain of having choosen the right pairing, we've highlighted this also. Click on “BFX/BTC” to proceed.
Step 4 – Purchasing BFX COIN (BFX) Once you have spotted BFX COIN (BFX), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're going to create our Limit Order. The “Price” field will be filled with the latest valuation BFX COIN (BFX) was sold for. This can be changed to your favoured price. The “Amount” field is the amount of BFX you want to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole quantity of BFX. If you're glad, make a mouse click on “Buy BFX”. Your plan will be filled when a Vender sells their BFX for the price you gave.
Step 5 – Withdraw (BFX) BFX COIN Unless you're trading, never keep your crypto on an Crypto Exchange for an longer time period. In order to withdraw your BFX COIN (BFX), go to the tab called “Funds” and mouse click on “Withdraw”. BFX COIN (BFX) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find BFX COIN (BFX) by using the provided drop-down box. Drop in the quantity of BFX COIN (BFX) you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.