How to Buy DAEX (DAX)

A Step-by-Step-Guide on how to buy DAEX (DAX)

Step 1 – Signup to Kraken

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

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. DAEX (DAX) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Find DAEX (DAX)

As soon as your deposit has been approved, you will now have access to your funds and you can launch purchasing and trading. To purchase DAEX (DAX) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”.

In order to find DAEX (DAX), you will need to insert the cointype (DAX) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we have highlighted this too. Click on “DAX/BTC” to go on.

Binance Hot To Buy DAEX (DAX)
Binance How to Buy (DAX) DAEX
Step 4 – Purchasing DAEX (DAX)

After you have discovered DAEX (DAX), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we're creating our own Limit Order.

The ”Price” field will be filled automatically with the most latest rate DAEX (DAX) was sold for. This can be changed to your desired price. The ”Amount” field is the amount of DAX you like to purchase. The ”Total” field is the total price in BTC that you will settle for the complete quantity of DAX.

When you're happy, click on “Buy DAX”. Your plan will be filled as soon as a Vender sells their DAX for the price you introduced.

Step 5 – Withdraw DAEX (DAX)

Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your DAEX (DAX), go to the ”Funds” tab and click on “Withdraw”. DAEX (DAX) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate DAEX (DAX) by using the given drop-down box. Drop in the quantity of DAEX (DAX) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

When you are happy, click “Submit”. You could be requested for email/phone verification ahead of a take off.

Binance Withdraw

Congratulations! You've successfully purchased and safed DAEX (DAX).

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the (DAX) DAEX is safe inside your wallet, you are done.
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