How to Buy IOU (IOUX)

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

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to buy units of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your welcome $10.

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

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. IOU (IOUX) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate (IOUX) IOU

As soon as your deposit has been affirmed, you'll directly have access to your finances and you can launch purchasing and trading. To buy (IOUX) IOU on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to locate (IOUX) IOU, you will need to put the shortname of the coin (IOUX) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we've marked this too. Click on “IOUX/BTC” to progress.

Binance How To Buy 1 IOU (IOUX)
Step 4 – Purchasing IOU (IOUX)

After you have discovered IOU (IOUX), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are creating our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date valuation IOU (IOUX) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the amount of IOUX you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole quantity of IOUX.

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

Step 5 – Withdraw IOU (IOUX)

Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an longer period of time. In order to take off your IOU (IOUX), hover over the tab called “Funds” and mouse click on “Withdraw”. (IOUX) IOU can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (IOUX) IOU by using the provided drop-down box. Put into the quantity of IOU (IOUX) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.

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

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the IOU (IOUX) is safe within your wallet, you're all done.