Ultimate guide on how to
buy Ethereum on Private: Idax

Step by step guide on how to buy Ethereum on your Idax account

Idax is a cryptocurrency exchange based in Mongolia but oriented towards the Chinese market, as its website is available mainly in Chinese.

Below are guided steps on how to buy Ethereum on Idax:

  1. Create an account on Idax
  2. Set up 2FA on your Idax account
  3. Verify your account on Idax
  4. Deposit funds to your Idax account
  5. Buy Ethereum on your Idax account

1. Create an account on Idax

Go to https://www.idax.mn/ and click on “Register.”

How to register on idaxFill out the form then click “Register” once done.

how to register on idax

Nice! You are now registered on Idax.

 

2. Set up 2FA on your account on Idax

After successfully creating an account, you will be asked to set up a 2FA or Two-factor Authentication on your account to step up your protection.

You can choose between Google Authentication or SMS Authentication.

how to set up 2FA on Idax

In this example, we are going to use SMS Authentication, which is easier and faster.

Enter your country code and your phone number. Click on “Get Code” to get your 6-digit verification code. After, enter it in the “SMS Authentication code” box, and click “Save.”

how to set up 2FA on idaxGood job! Your Idax account is now protected.

 

3. Verify your account on Idax

To start depositing and withdrawing funds on your account, you need to verify your account first.

Go to the “ID Verification” tab and select which country are you from.

How to verify account on Idax

Enter all the necessary information needed and submit all the requirements required. Once done, click on “Submit.”

How to verify account on IdaxGreat job! Your Idax account is now verified. 

 

4. Deposit funds to your account on Idax

Go to “Assets” and select “Deposit.”

How to deposit funds on IdaxSelect the currency you wish to deposit to and hit “Click to load” to get the deposit address of the currency you selected.

How to deposit funds on Idax

Copy the deposit address and paste it into your wallet. Please remember always check everything before proceeding, for completed transactions cannot be undone.

How to deposit funds on IdaxAwesome! You have just deposited funds to your Idax account.

 

5. Buy Ethereum on your Idax account

Finally, you can now start trading on your account. To do this, select “Assets.”

How to trade on Idax

Next, click on “Assets” and select the currency you wish to trade with.

How to trade on Idax

On the “Buy” box, enter the amount you want then click on “buy.”

How to trade on Idax

Scroll to the bottom of the same page to check all the transactions you have made.

idax transaction historyWell done! You can now start trading on Idax.

Transferring Ethereum from Private: Idax to other exchanges.

Transferring Ethereum from Private: Idax to wallets.

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