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).

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. xDAI Stake (STAKE) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

Make sure you've selected the right coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find xDAI Stake (STAKE)

Once your deposit has been approved, you will directly have access to your assets and you can start buying and trading. To purchase xDAI Stake (STAKE) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”.

In order to locate xDAI Stake (STAKE), you will need to insert the short name of the asset (STAKE) into the search box, which is highlighted in the image. Make sure you have selected the proper grouping, we have highlighted this also. Click on “STAKE/BTC” to go ahead.

Step 4 – Buy xDAI Stake (STAKE)

After you have located xDAI Stake (STAKE), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to create our own Limit Order.

The ”Price” field will be filled with the most up-to-date tariff xDAI Stake (STAKE) was traded for. You can change this to your desired price. The ”Amount” field is the quantity of STAKE you want to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the complete volumen of STAKE.

If you are happy, make a mouse click on “Buy STAKE”. Your plan will be filled as soon as a Vender sells their STAKE for the price you introduced.

Step 5 – Withdraw xDAI Stake (STAKE)

Unless you're frequently trading, best advise is not to keep crypto on an Crypto Exchange for an extended time frame. In order to withdraw your xDAI Stake (STAKE), hover over the ”Funds” tab and click on “Withdraw”. xDAI Stake (STAKE) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find xDAI Stake (STAKE) by using the provided drop-down box. Enter the quantity of xDAI Stake (STAKE) you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

When you are happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.