A Step-by-Step-Guide on how to buy Bitfex (BFX)
Step 1 – Signup to Coinbase and receive 10$ in Bitcoin You'll first need to purchase units of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Bitfex (BFX) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you have selected the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find Bitfex (BFX) Once your deposit has been affirmed, you'll now have access to your finances and you can begin invest and trading. To buy (BFX) Bitfex on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To find Bitfex (BFX), you'll need to put the short name of the asset (BFX) into the search box, which is marked in the image. Make sure you have selected the proper grouping, we have highlighted this also. Click on “BFX/BTC” to go on.
Step 4 – Purchasing Bitfex (BFX) Once you've discovered Bitfex (BFX), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we're making our Limit Order. The “Price” field will be filled with the recent price (BFX) Bitfex was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of BFX you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of BFX. If you are glad, make a mouse click on “Buy BFX”. Your plan will be filled as soon as a Seller trades their BFX for the price you offered.
Step 5 – Withdraw (BFX) Bitfex Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time frame. In order to withdraw your (BFX) Bitfex, hover over the “Funds” tab and click on “Withdraw”. (BFX) Bitfex can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitfex (BFX) by using the given drop-down box. Enter the amount of Bitfex (BFX) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. If you're glad, click “Submit”. You may be asked for email/phone verification ahead of a withdrawal.