How to Buy DAEX (DAX)

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

Step 1 – Join CEX.io

You'll first need to purchase units of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and receive Ethereum or Bitcoin.

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. DAEX (DAX) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find DAEX (DAX)

Once your deposit has been affirmed, you will immediately have access to your finances and you can begin buying and trading. To buy DAEX (DAX) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

To discover DAEX (DAX), you will need to insert the cointype (DAX) into the search box, which is highlighted in the image. Make sure you have choosen 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 – Acquisition of DAEX (DAX)

After you've found DAEX (DAX), 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 making our Limit Order.

The field with the “Price” tag will be filled automatically with the recent price DAEX (DAX) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of DAX you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete quantity of DAX.

If you are glad, make a mouse click on “Buy DAX”. Your plan will be filled when a Vendor trades their DAX for the price you offered.

Step 5 – Withdraw DAEX (DAX)

Unless you're trading, best advise is not to keep crypto on an Exchange for an extended period of time. In order to withdraw your DAEX (DAX), go to the tab called “Funds” and click on “Withdraw”. DAEX (DAX) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find DAEX (DAX) by using the given drop-down box. Enter the quantity of DAEX (DAX) you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

When you're glad, click “Submit”. You could be asked for email/phone verification ahead of a withdrawal.

Binance Withdraw

Kudos! You have successfully bought and stored DAEX (DAX).

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the DAEX (DAX) is safe in your wallet, you're done.