A Step-by-Step-Guide on how to buy Paxos Standard (PAX) in Anguilla
Step 1 – Join Coinmama You will first need to purchase one of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and to get your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Paxos Standard (PAX) 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 Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate Paxos Standard (PAX) Once your deposit has been approved, you will instantly have access to your finances and you can commence purchasing and trading. To purchase Paxos Standard (PAX) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. In order to locate Paxos Standard (PAX), you'll need to put the cointype (PAX) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we've marked this too. Click on “PAX/BTC” to proceed.
Step 4 – Buy Paxos Standard (PAX) As soon as you have located Paxos Standard (PAX), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're making our own Limit Order. The ”Price” field will be filled automatically with the most recent price Paxos Standard (PAX) was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of PAX you wish to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of PAX. If you are happy, click on “Buy PAX”. Your plan will be filled when a Vender sells their PAX for the price you introduced.
Step 5 – Withdraw Paxos Standard (PAX) Unless you are regularly trading, best advise is not to keep coins on an Crypto Exchange for an longer time period. To take off your Paxos Standard (PAX), hover over the tab called “Funds” and mouse click on “Withdraw”. Paxos Standard (PAX) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Paxos Standard (PAX) by using the given drop-down box. Drop in the amount of Paxos Standard (PAX) you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification before a take off.
Kudos! You've successfully purchased and stored Paxos Standard (PAX) in Anguilla.That's it! Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Paxos Standard (PAX) is safe inside your wallet, you are finished.
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