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).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. DAEX (DAX) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate DAEX (DAX) As soon as your deposit has been affirmed, you'll now have access to your funds and you can commence purchasing and trading. To purchase DAEX (DAX) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to locate DAEX (DAX), you'll need to put the cointype (DAX) into the search box, which is highlighted in the image. Make sure you have selected the right grouping, we've highlighted this also. Click on “DAX/BTC” to progress.
Step 4 – Acquisition of DAEX (DAX) Once you've found DAEX (DAX), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the recent price DAEX (DAX) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of DAX you wish to buy. The ”Total” field is the total price in BTC that you'll pay for the complete amount of DAX. If you are glad, click on “Buy DAX”. Your order will be filled as soon as a Vender trades their DAX for the price you offered.
Step 5 – Withdraw DAEX (DAX) Unless you're trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer period of time. To withdraw your DAEX (DAX), go to the tab called “Funds” and mouse click on “Withdraw”. DAEX (DAX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find DAEX (DAX) by using the given drop-down box. Drop in the volumen of DAEX (DAX) you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you're satisfied, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.