A Step-by-Step-Guide on how to buy Chai (CHAI)
Step 1 – Signup to CEX.io You will first need to buy units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Chai (CHAI) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate (CHAI) Chai As soon as your deposit has been affirmed, you will directly have access to your finances and you can initiate buying and trading. To purchase (CHAI) Chai on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to spot (CHAI) Chai, you will need to insert the shortname of the coin (CHAI) into the search box, which is marked in the image. Be certain of having choosen the correct pairing, we've marked this too. Click on “CHAI/BTC” to go on.
Step 4 – Acquisition of Chai (CHAI) As soon as you've found Chai (CHAI), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the recent tariff Chai (CHAI) was sold for. You can change this to your desired price. The ”Amount” field is the amount of CHAI you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete amount of CHAI. If you are glad, make a mouse click on “Buy CHAI”. Your order will be filled when a Vender sells their CHAI for the price you offered.
Step 5 – Withdraw Chai (CHAI) Unless you are frequently trading, never keep your crypto coins on an Crypto Trader for an longer time period. In order to withdraw your Chai (CHAI), go to the ”Funds” tab and mouse click on “Withdraw”. Chai (CHAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Chai (CHAI) by using the given drop-down box. Enter the quantity of Chai (CHAI) you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.