How to Buy ChallengeDAC (CHL)

A Step-by-Step-Guide on how to buy ChallengeDAC (CHL)

Step 1 – Signup to Kraken

You will first need to buy one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and getting ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. ChallengeDAC (CHL) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate ChallengeDAC (CHL)

Once your deposit has been approved, you'll immediately have access to your assets and you can initiate invest and trading. To invest in ChallengeDAC (CHL) on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”.

To find ChallengeDAC (CHL), you'll need to insert the cointype (CHL) into the search box, which is highlighted in the image. Be certain of having choosen the correct grouping, we've highlighted this also. Click on “CHL/BTC” to proceed.

Binance Hot To Buy ChallengeDAC (CHL)
Binance How to Buy (CHL) ChallengeDAC
Step 4 – Purchase ChallengeDAC (CHL)

After you've found ChallengeDAC (CHL), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our Limit Order.

The ”Price” field will be automatically filled with the up-to-date valuation ChallengeDAC (CHL) was traded for. You can change this to your preferred price. The ”Amount” field is the volumen of CHL you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole volumen of CHL.

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

Step 5 – Withdraw ChallengeDAC (CHL)

Unless you are trading, never keep your crypto on an Crypto Exchange for an extensive period of time. To withdraw your ChallengeDAC (CHL), go to the ”Funds” tab and click on “Withdraw”. ChallengeDAC (CHL) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find ChallengeDAC (CHL) by using the provided drop-down box. Enter the volumen of ChallengeDAC (CHL) you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a take off.

Binance Withdraw

Congratulations! You have successfully purchased and stored ChallengeDAC (CHL).

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the (CHL) ChallengeDAC is stored inside your wallet, you're done.