How to Buy dForce DAI (DDAI)

A Step-by-Step-Guide on how to buy dForce DAI (DDAI)

Step 1 – Signup to Kraken

You'll first need to purchase units of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and receive Ethereum or Bitcoin.

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. dForce DAI (DDAI) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

Make sure you have chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find dForce DAI (DDAI)

Once your deposit has been verified, you'll now have access to your assets and you can initiate buying and trading. To purchase dForce DAI (DDAI) on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”.

In order to locate dForce DAI (DDAI), you'll need to put the cointype (DDAI) into the search box, which is marked in the picture. Make sure you have selected the proper pairing, we've marked this also. Click on “DDAI/BTC” to go on.

Binance Hot To Buy dForce DAI (DDAI)
Binance How to Buy (DDAI) dForce DAI
Step 4 – Purchasing dForce DAI (DDAI)

After you've found dForce DAI (DDAI), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're creating our Limit Order.

The ”Price” field will be filled with the recent price dForce DAI (DDAI) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of DDAI you want to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole volumen of DDAI.

If you are satisfied, click on “Buy DDAI”. Your plan will be filled as soon as a Vender trades their DDAI for the price you offered.

Step 5 – Withdraw dForce DAI (DDAI)

Unless you're frequently trading, never keep your crypto on an Exchange for an extensive time period. In order to take off your dForce DAI (DDAI), hover over the ”Funds” tab and mouse click on “Withdraw”. dForce DAI (DDAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find dForce DAI (DDAI) by using the given drop-down box. Put into the volumen of dForce DAI (DDAI) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Binance Withdraw

Kudos! You have successfully purchased and stored dForce DAI (DDAI).

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (DDAI) dForce DAI is safe within your wallet, you are finished.

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