How to Buy xDAI Stake (STAKE)

A Step-by-Step-Guide on how to buy xDAI Stake (STAKE)

Step 1 – Signup to Kraken

You'll first need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. xDAI Stake (STAKE) is obtainable 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 have chosen the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find xDAI Stake (STAKE)

Once your deposit has been verified, you will now have access to your funds and you can initiate invest and trading. To invest in xDAI Stake (STAKE) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To locate xDAI Stake (STAKE), you will need to insert the shortname of the coin (STAKE) into the search box, which is marked in the graphic. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “STAKE/BTC” to go ahead.

Binance Hot To Buy xDAI Stake (STAKE)
Binance How to Buy (STAKE) xDAI Stake
Step 4 – Purchase xDAI Stake (STAKE)

As soon as you have found xDAI Stake (STAKE), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation xDAI Stake (STAKE) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of STAKE you like to buy. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole quantity of STAKE.

When you're happy, click on “Buy STAKE”. Your order will be filled as soon as a Seller trades their STAKE for the price you offered.

Step 5 – Withdraw xDAI Stake (STAKE)

Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your xDAI Stake (STAKE), go to the ”Funds” tab and click on “Withdraw”. xDAI Stake (STAKE) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate xDAI Stake (STAKE) by using the given drop-down box. Drop in the quantity of xDAI Stake (STAKE) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

If you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a take off.

Binance Withdraw

Congrats! You have successfully bought and stored xDAI Stake (STAKE).

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (STAKE) xDAI Stake is safe inside your wallet, you are finished.

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