How to Buy rDAI (RDAI)

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

Step 1 – Join Kraken

You'll first need to purchase units of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. rDAI (RDAI) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

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, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate rDAI (RDAI)

Once your deposit has been affirmed, you'll directly have access to your assets and you can launch invest and trading. To purchase rDAI (RDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To discover rDAI (RDAI), you'll need to insert the shortname of the coin (RDAI) into the search box, which is marked in the picture. Be certain of having choosen the proper grouping, we've marked this also. Click on “RDAI/BTC” to progress.

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

Once you have found rDAI (RDAI), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're creating our own Limit Order.

The ”Price” field will be filled with the most recent valuation rDAI (RDAI) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of RDAI you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole amount of RDAI.

When you're happy, make a mouse click on “Buy RDAI”. Your plan will be filled as soon as a Seller trades their RDAI for the price you gave.

Step 5 – Withdraw rDAI (RDAI)

Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer period of time. To withdraw your rDAI (RDAI), hover over the ”Funds” tab and click on “Withdraw”. rDAI (RDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate rDAI (RDAI) by using the provided drop-down box. Enter the quantity of rDAI (RDAI) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Binance Withdraw

Congratulations! You have successfully bought and stored rDAI (RDAI).

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (RDAI) rDAI is stored within your wallet, you're finished.

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