How to Buy IOU (IOUX)

A Step-by-Step-Guide on how to buy IOU (IOUX)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to buy units of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and to get Bitcoin or Ethereum.

Binance Signup
Step 2 – Transfer Your Funds to an Exchange

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

Make sure you've chosen the correct coin you want 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 dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find IOU (IOUX)

As soon as your deposit has been confirmed, you'll now have access to your finances and you can launch buying and trading. To purchase (IOUX) IOU on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”.

In order to spot (IOUX) IOU, you will need to insert the shortname of the coin (IOUX) into the search-box, which is marked in the image. Be certain of having choosen the right pairing, we've highlighted this also. Click on “IOUX/BTC” to go ahead.

How to buy Coin on Binance 1 IOU (IOUX)
Step 4 – Buying (IOUX) IOU

After you have discovered IOU (IOUX), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are making our own Limit Order.

The “Price” field will be filled automatically with the most latest tariff (IOUX) IOU was traded for. You can change this to your desired rate. The “Amount” field is the volumen of IOUX you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete volumen of IOUX.

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

Step 5 – Withdraw IOU (IOUX)

Unless you're trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your IOU (IOUX), go to the tab called “Funds” and click on “Withdraw”. (IOUX) IOU can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (IOUX) IOU by using the provided drop-down box. Enter the quantity of IOU (IOUX) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address.

When you're satisfied, click “Submit”. You may be asked for verfication via email/phone before a take off.

Congrats! You have successfully purchased and stored IOU (IOUX).

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the IOU (IOUX) is safe within your wallet, you are all done.