How to Buy rDAI (RDAI)

A Step-by-Step-Guide on how to buy rDAI (RDAI)

Step 1 – Signup to CEX.io

You'll first need to buy one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and getting Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. rDAI (RDAI) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to)

Make sure you've chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate rDAI (RDAI)

As soon as your deposit has been approved, you'll instantly have access to your assets and you can initiate purchasing and trading. To purchase rDAI (RDAI) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”.

To find rDAI (RDAI), you'll need to insert the short name of the asset (RDAI) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “RDAI/BTC” to go ahead.

Binance Hot To Buy rDAI (RDAI)
Binance How to Buy (RDAI) rDAI
Step 4 – Buying (RDAI) rDAI

After you've discovered (RDAI) rDAI, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are creating our Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation (RDAI) rDAI was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of RDAI you like to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of RDAI.

If you are happy, click on “Buy RDAI”. Your plan will be filled when a Seller sells their RDAI for the price you offered.

Step 5 – Withdraw rDAI (RDAI)

Unless you're frequently trading, you should never keepyour crypto coins on an Exchange for an longer time period. To withdraw your rDAI (RDAI), hover over the ”Funds” tab and click on “Withdraw”. rDAI (RDAI) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find rDAI (RDAI) by using the provided drop-down box. Put into the amount of rDAI (RDAI) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

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

Binance Withdraw

Kudos! You've successfully purchased and safed (RDAI) rDAI.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (RDAI) rDAI is stored inside your wallet, you're all done.