A Step-by-Step-Guide on how to buy Chai (CHAI)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and getting your first 10$.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Chai (CHAI) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Chai (CHAI) Once your deposit has been affirmed, you will now have access to your funds and you can launch buying and trading. To buy Chai (CHAI) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot Chai (CHAI), you will need to put the short name of the asset (CHAI) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “CHAI/BTC” to advance.
Step 4 – Acquisition of Chai (CHAI) As soon as you've found Chai (CHAI), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order. The ”Price” field will be filled automatically with the recent price Chai (CHAI) was traded for. This can be changed to your favoured price. The ”Amount” field is the volumen of CHAI you want to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the complete volumen of CHAI. When you're glad, make a mouse click on “Buy CHAI”. Your plan will be filled as soon as a Vendor sells their CHAI for the price you submitted.
Step 5 – Withdraw Chai (CHAI) Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extended period of time. To withdraw your Chai (CHAI), go to the ”Funds” tab and mouse click on “Withdraw”. Chai (CHAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Chai (CHAI) by using the provided drop-down box. Drop in the amount of Chai (CHAI) you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you are satisfied, click on “Submit”. You could be asked for phone/email verification before a take off.