A Step-by-Step-Guide on how to buy Aave DAI (ADAI)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and to get your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Aave DAI (ADAI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Aave DAI (ADAI) As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can initiate buying and trading. To invest in Aave DAI (ADAI) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To find Aave DAI (ADAI), you will need to insert the short name of the asset (ADAI) into the search box, which is marked in the image. Be certain of having selected the proper grouping, we've highlighted this too. Click on “ADAI/BTC” to advance.
Step 4 – Purchasing Aave DAI (ADAI) As soon as you have located Aave DAI (ADAI), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff Aave DAI (ADAI) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of ADAI you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of ADAI. If you're glad, make a mouse click on “Buy ADAI”. Your plan will be filled when a Vender trades their ADAI for the price you offered.
Step 5 – Withdraw Aave DAI (ADAI) Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an longer time frame. To take off your Aave DAI (ADAI), hover over the tab called “Funds” and mouse click on “Withdraw”. Aave DAI (ADAI) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Aave DAI (ADAI) by using the provided drop-down box. Enter the quantity of Aave DAI (ADAI) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you are happy, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.