How to Buy ColossusXT (COLX)

A Step-by-Step-Guide on how to buy ColossusXT (COLX)

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

You will first need to purchase units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get Ethereum or Bitcoin.

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. ColossusXT (COLX) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate (COLX) ColossusXT

As soon as your deposit has been verified, you'll immediately have access to your funds and you can start purchasing and trading. To buy (COLX) ColossusXT on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to discover ColossusXT (COLX), you will need to put the shortname of the coin (COLX) into the search box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've highlighted this also. Click on “COLX/BTC” to advance.

Binance How To Buy 1 ColossusXT (COLX)
Step 4 – Buying ColossusXT (COLX)

Once you have found ColossusXT (COLX), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are going to create our own Limit Order.

The “Price” field will be filled automatically with the up-to-date valuation ColossusXT (COLX) was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of COLX you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete quantity of COLX.

When you are glad, make a mouse click on “Buy COLX”. Your order will be filled when a Vender sells their COLX for the price you gave.

Step 5 – Withdraw (COLX) ColossusXT

Unless you're frequently trading, you should never keepyour crypto on an Exchange for an longer time frame. In order to withdraw your (COLX) ColossusXT, go to the “Funds” tab and mouse click on “Withdraw”. ColossusXT (COLX) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (COLX) ColossusXT by using the given drop-down box. Enter the volumen of ColossusXT (COLX) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you're glad, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Congratulations! You've successfully bought and safed (COLX) ColossusXT.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the ColossusXT (COLX) is stored within your wallet, you are finished.