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 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. DAEX (DAX) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate DAEX (DAX)

Once your deposit has been affirmed, you'll now have access to your funds and you can begin invest and trading. To purchase DAEX (DAX) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to find DAEX (DAX), you'll need to insert the shortname of the coin (DAX) into the search box, which is marked in the graphic. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “DAX/BTC” to progress.

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

Once you have located DAEX (DAX), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our own Limit Order.

The ”Price” field will be filled automatically with the most up-to-date rate DAEX (DAX) was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of DAX you wish to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole volumen of DAX.

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

Step 5 – Withdraw DAEX (DAX)

Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time period. In order to take off your DAEX (DAX), hover over the ”Funds” tab and click on “Withdraw”. DAEX (DAX) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're happy, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Binance Withdraw

Congrats! You've successfully purchased and stored DAEX (DAX).

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (DAX) DAEX is stored inside your wallet, you're done.

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