Paypex (PAYX)

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Paypex is a platform that is aiming to enhance the payment system based on the Ethereum blockchain and smart contracts. They plan to accomplish this by increasing the efficiency, decreasing the cost of money transfers and be able to send or receive cross-border payments within a snap of two fingers.

Features of Paypex;

  • Paypex wallet
  • Fast payments
  • Smart contracts

How do you contact Paypex directly?

How to Buy Paypex (PAYX) ?

Buying Paypex is very easy these days. If you want, you can use cash, card – even PayPal! However, you still need to follow a few steps to do it – that’s why we made this easy tutorial for you! It is separated into parts – just follow the one that matches your purchase method.

How to Buy Paypex with Credit Card or Debit Card?

No matter what people say, it’s easy to buy Paypex with a credit card.

Your first step will always be buying Bitcoins or Ethereum with your credit card. They can then be converted to Paypex.

Follow these steps:

  1. Buy Bitcoin or Etherium at an exchange you like.
  2. Transfer Bitcoin or Etherium to an exchange that supports Paypex currency.
  3. Finally, exchange Bitcoin or Etherium to Paypex.

Please follow our step by step guide bellow to buy Paypex.

1. Create an Account on Coinbase

To buy Ethereum from Coinbase – which you will exchange for Paypex (PAYX) later – you have to create an account at Coinbase. Click this link here to create an account .

Click ‘sign up‘ button and fill out the form. Enter your name (it has to be exactly the same as it’s written on your photo ID), email, password and location.

Coinbase is regulated by the US government and follows strict financial rules. As such, they have to verify your identity. It takes some time and effort, however, this makes Coinbase the reputation of the must trustworthy way to convert regular currency into cryptocurrency.

Verify The Coinbase Account

Since Coinbase needs to verify your account, you have to give them your phone number, upload an image of your photo ID and verify your card (credit or debit) or back account. Only then will you be able to buy cryptocurency.

If you use a card on Coinbase, your fees will be higher, but your purchases will be instant. It is cheaper to use bank transfers, but it is slow – it can take up to a week to get your coins.

When your payment details are verified, click ‘buy/sell’ button on the top menu.

Select ‘Ethereum’, and enter how much money you want to spend/how many coins you want to buy in the windows on the bottom of the page.

Once you have done that, click the ‘Buy‘ button.

You will now have to confirm you purchase.

Do this by pressing the ‘Confirm Buy‘ button.

You now own some Ethereum. However, don’t close Coinbase yet – we’re going to use it later!

1. Create an Account on Etherdelta

Click this link to go to Etherdelta and create an account there.

Ethereum / Paypex (which says PAYX next to the Etherdelta logo) exchange should be pre-selected when the page opens. If it’s not, click on the coin name that’s there instead of PAYX; this will show you a drop-down menu. Find Paypex and click it.

Note: Asking help on the Etherdelta chat channel is risking to be scammed: people will claim that they work for Etherdelta and ask for your private key to help you. These people are always scammers – never give your private key to anyone.

On the top menu, click ‘Select Account‘ and then ‘New Account‘.

You should now see your Ethereum wallet address and its private key.

Copy or write both of them down – make sure to keep them safe and don’t lose them.

Note: losing the private key may mean losing access to your coins!

Press ‘OK’ once you have noted down the information.

2. Transfer Ethereum from Coinbase to Etherdelta

Return to the Coinbase website.

Click ‘Accounts’ on the top menu bar and find your Ethereum wallet – it should be listed on the left.

Click ‘Send’.

Paste the Ethereum wallet address you just copied from Etherdelta into the ‘Recepient’ box.

Type in how much Ethereum you wish to transfer in the ‘Amount’ box (use the ‘use max’ option if you want to transfer everything).

Click ‘Continue’.

Coinbase may then ask you to confirm the order with your password/phone. Follow the instructions until Coinbase confirms that the Ethereum coins have been sent.

3. Check Balance On Etherdelta

Ethereum will reach your account in a few minutes – just be patient.

4. Exchange Ethereum For Paypex (PAYX)

Etherdelta deals with ‘gas,’ a sort of fee for computer resources miners invest to carry out your transaction. You need to adjust the ‘gas price’ on Etherdelta to make your transaction move faster!.

To do that, click the furthest button on the right on the top men, then select ‘gas price’ on the dropdown list.

A popup will open; you should type in a minimum of 30 and then click ‘Set gas price.’

Note: Gas prices are paid for all transaction, even if they fail. Low has prices mean transactions that are slow or even carry the risk of failure. It’s recommended to visit this site to keep informed on what the ‘Recommended gas price’ is at any moment. Your best choice is to set the Etherdelta gas price to be equal to the ‘Gas Price (gwei)’ number under ‘Standard (<5m)’.

Click this link to find out how ‘gas’ works!

Ethereum in your account will show up under ‘BALANCE’. I will have to be moved to become available to trade. Enter how much Ethereum you want to trade for PAYX in ‘Amount’ box under ETH.

Note: Do not trade all of the Ethereum you have – you will need some to stay in the wallet for the gas fees. So if you have 10 Ethereum to trade, it would be safe to end 9.95 in the box.

Click Deposit‘ once you’re satisfied with the amount.

A pop-up will notify you that the coins are on the move. You can click the link to watch the transaction go through the Ethereum blockchain.

You will be ready to trade once Ethereum has moved to the ‘Etherdelta’ column in your balance.

Take a look at the order ‘Order Book’ column. It lists the current buy and sell orders for PAYX: the red orders are people who want to sell, the green are users who want to buy PAYX.

A more detailed analysis:

PAYX/ETH – shows the ratio of one currency to the other. For example, a 0.01 in this column would mean that you can buy 1 PAYX for 0.01 Ethereum.

PAYX – the amount of of Paypex that the user wants to either buy or sell.

ETH – the price of transaction in Ethereum.

Some common issues of Paypex;

  • User address error.
  • Loss of a wallet file.
  • Unable to receive a Paypex.
  • Account hacking issue.
  • Unable to deposit and withdraw USD.
  • Wallet balance doesn’t show.
  • Unable to mine Paypex.
  • Hacking a payment gateway.
  • Connectivity Issues.
  • Unable to open the Paypex wallet.
  • Unable to send Paypex from my account.
  • Trouble signing in on Paypex.com.
  • Unable to sell and buy Paypex.
  • My password does not work.
  • Trouble connecting with the server.
  • Unable to cash Paypex.
  • Two-factor authentication failed.

Pros and Cons of Paypex;

Pros

  • Well designed and easy to understand website
  • Payments are fast

Cons

  • Code is not open source
  • No information about members on website

Dynamics
[ coin=”PAYX”]

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