How to Buy BITIFEX (BITX)

A Step-by-Step-Guide on how to buy BITIFEX (BITX)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

You will first need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and receive Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your Funds to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. BITIFEX (BITX) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you've selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find BITIFEX (BITX)

As soon as your deposit has been confirmed, you'll now have access to your assets and you can begin buying and trading. To buy BITIFEX (BITX) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

To find BITIFEX (BITX), you'll need to put the short name of the asset (BITX) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we've marked this also. Click on “BITX/BTC” to go ahead.

Binance How To Buy 1 BITIFEX (BITX)
Step 4 – Buying (BITX) BITIFEX

After you have spotted BITIFEX (BITX), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation BITIFEX (BITX) was sold for. This can be changed to your favoured rate. The “Amount” field is the amount of BITX you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete volumen of BITX.

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

Step 5 – Withdraw BITIFEX (BITX)

Unless you are trading, you should never keepyour crypto coins on an Exchange for an extended period of time. To take off your (BITX) BITIFEX, hover over the tab called “Funds” and mouse click on “Withdraw”. (BITX) BITIFEX can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BITX) BITIFEX by using the provided drop-down box. Drop in the quantity of (BITX) BITIFEX you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.

Kudos! You have successfully bought and stored (BITX) BITIFEX.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the BITIFEX (BITX) is stored within your wallet, you're done.