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 Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. DAEX (DAX) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

Make sure you've selected the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate DAEX (DAX)

As soon as your deposit has been affirmed, you will instantly have access to your funds and you can commence buying and trading. To invest in DAEX (DAX) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”.

In order to discover DAEX (DAX), you'll need to insert the shortname of the coin (DAX) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we've highlighted this also. Click on “DAX/BTC” to go on.

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

After you have located 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 picture). And now we are going to make our own Limit Order.

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

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

Step 5 – Withdraw DAEX (DAX)

Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an extensive period of time. To withdraw your DAEX (DAX), hover over the tab called “Funds” and click on “Withdraw”. DAEX (DAX) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate DAEX (DAX) by using the given drop-down box. Put into the quantity of DAEX (DAX) you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you are satisfied, click on “Submit”. You may be asked for verfication via email/phone before a take off.

Binance Withdraw

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

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (DAX) DAEX is safe within your wallet, you are done.

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