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 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Aave DAI (ADAI) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Aave DAI (ADAI) Once your deposit has been affirmed, you'll immediately have access to your assets and you can begin buying and trading. To buy Aave DAI (ADAI) on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”. In order to locate Aave DAI (ADAI), you'll need to insert the shortname of the coin (ADAI) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “ADAI/BTC” to progress.
Step 4 – Purchasing Aave DAI (ADAI) After you've spotted Aave DAI (ADAI), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the recent tariff Aave DAI (ADAI) was traded for. You can change this to your favoured price. The ”Amount” field is the volumen of ADAI you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole volumen of ADAI. When you are satisfied, make a mouse click on “Buy ADAI”. Your plan will be filled when a Vender sells their ADAI for the price you offered.
Step 5 – Withdraw Aave DAI (ADAI) Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time frame. In order to withdraw your Aave DAI (ADAI), go to the tab called “Funds” and mouse click on “Withdraw”. Aave DAI (ADAI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Aave DAI (ADAI) by using the given drop-down box. Drop in the amount of Aave DAI (ADAI) you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.