How to Buy Bitfex (BFX)

A Step-by-Step-Guide on how to buy Bitfex (BFX)

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and getting your welcome 10 Dollar.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Bitfex (BFX) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have selected the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find Bitfex (BFX)

Once your deposit has been affirmed, you will directly have access to your finances and you can commence invest and trading. To purchase (BFX) Bitfex on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

To discover (BFX) Bitfex, you'll need to put the short name of the asset (BFX) into the search box, which is marked in the graphic. Make sure you have selected the right pairing, we've highlighted this too. Click on “BFX/BTC” to go ahead.

Binance How To Buy 1 Bitfex (BFX)
Step 4 – Acquisition of (BFX) Bitfex

As soon as you have located (BFX) Bitfex, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The “Price” field will be filled with the most up-to-date valuation (BFX) Bitfex was sold for. This can be changed to your desired price. The “Amount” field is the volumen of BFX you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete quantity of BFX.

If you're satisfied, click on “Buy BFX”. Your order will be filled when a Vender sells their BFX for the price you submitted.

Step 5 – Withdraw Bitfex (BFX)

Unless you're trading, never keep your crypto coins on an Crypto Exchange for an longer time period. In order to withdraw your (BFX) Bitfex, hover over the tab called “Funds” and click on “Withdraw”. Bitfex (BFX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BFX) Bitfex by using the given drop-down box. Put into the amount of Bitfex (BFX) you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

If you are happy, click on “Submit”. You could be asked for email/phone verification ahead of a take off.

Kudos! You have successfully purchased and stored (BFX) Bitfex.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the (BFX) Bitfex is safe within your wallet, you are all done.