How to Buy Chai (CHAI)

Step 1 – Signup to Kraken

You'll first need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and receive Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Chai (CHAI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate Chai (CHAI)

As soon as your deposit has been verified, you will immediately have access to your finances and you can begin purchasing and trading. To purchase Chai (CHAI) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To find Chai (CHAI), you will need to insert the cointype (CHAI) into the search-box, which is highlighted in the image. Make sure you have selected the correct pairing, we've highlighted this also. Click on “CHAI/BTC” to go ahead.

Step 4 – Buying Chai (CHAI)

Once you've discovered Chai (CHAI), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date tariff Chai (CHAI) was traded for. This can be changed to your preferred rate. The ”Amount” field is the amount of CHAI you wish to purchase. The ”Total” field is the whole price in BTC that you'll pay for the complete amount of CHAI.

When you are glad, make a mouse click on “Buy CHAI”. Your plan will be filled when a Vendor sells their CHAI for the price you gave.

Step 5 – Withdraw Chai (CHAI)

Unless you are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your Chai (CHAI), hover over the tab called “Funds” and click on “Withdraw”. Chai (CHAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Chai (CHAI) by using the provided drop-down box. Drop in the volumen of Chai (CHAI) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address.

If you're glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.