How to Buy PhoenixDAO (PHNX) in Anguilla

A Step-by-Step-Guide on how to buy PhoenixDAO (PHNX) in Anguilla

Step 1 – Join Coinmama

You'll first need to purchase units of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and getting your Ethereum (ETH) or Bitcoin (BTC).

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

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 alike. PhoenixDAO (PHNX) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate PhoenixDAO (PHNX)

As soon as your deposit has been confirmed, you will directly have access to your assets and you can launch buying and trading. To buy PhoenixDAO (PHNX) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

To locate PhoenixDAO (PHNX), you will need to put the short name of the asset (PHNX) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we've marked this too. Click on “PHNX/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} PhoenixDAO (PHNX)
Step 4 – Purchasing PhoenixDAO (PHNX)

Once you have located PhoenixDAO (PHNX), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're making our own Limit Order.

The ”Price” field will be automatically filled with the most latest price PhoenixDAO (PHNX) was sold for. This can be changed to your favoured price. The ”Amount” field is the quantity of PHNX you wish to purchase. The ”Total” field is the total price in BTC that you'll pay for the complete quantity of PHNX.

When you're satisfied, make a mouse click on “Buy PHNX”. Your order will be filled when a Seller sells their PHNX for the price you submitted.

Step 5 – Withdraw PhoenixDAO (PHNX)

Unless you're frequently trading, you should never keepyour crypto on an Crypto Exchange for an longer period of time. In order to withdraw your PhoenixDAO (PHNX), hover over the tab called “Funds” and mouse click on “Withdraw”. PhoenixDAO (PHNX) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find PhoenixDAO (PHNX) by using the given drop-down box. Enter the amount of PhoenixDAO (PHNX) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

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

Congratulations! You've successfully purchased and stored PhoenixDAO (PHNX) in Anguilla.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the PhoenixDAO (PHNX) is stored inside your wallet, you're done.

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