How to Buy BITIFEX (BITX)

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

Step 1 – Join Coinbase – Get Free $10

You will first need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and to get your first 10$.

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

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. BITIFEX (BITX) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

Make sure you have chosen the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find (BITX) BITIFEX

Once your deposit has been affirmed, you'll now have access to your finances and you can begin purchasing and trading. To purchase (BITX) BITIFEX on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

In order to locate BITIFEX (BITX), you will need to insert the shortname of the coin (BITX) into the search box, which is marked in the picture. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “BITX/BTC” to advance.

How to buy Coin on Binance 1 BITIFEX (BITX)
Step 4 – Buying BITIFEX (BITX)

After you have spotted (BITX) BITIFEX, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date valuation (BITX) BITIFEX was traded for. You can change this to your favoured price. The “Amount” field is the volumen of BITX you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole amount of BITX.

If you are satisfied, make a mouse click on “Buy BITX”. Your plan will be filled as soon as a Vender sells their BITX for the price you introduced.

Step 5 – Withdraw BITIFEX (BITX)

Unless you're frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive time frame. To take off your BITIFEX (BITX), go to the tab called “Funds” and mouse click on “Withdraw”. BITIFEX (BITX) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BITX) BITIFEX by using the provided drop-down box. Put into the quantity of BITIFEX (BITX) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Congratulations! You have successfully bought and safed BITIFEX (BITX).

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the BITIFEX (BITX) is safe in your wallet, you are done.