A Step-by-Step-Guide on how to buy Aave DAI (ADAI)
Step 1 – Join Coinbase – Get Free $10 You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and to get your first 10 Dollar.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Aave DAI (ADAI) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate Aave DAI (ADAI) Once your deposit has been confirmed, you will instantly have access to your assets and you can start invest and trading. To invest in Aave DAI (ADAI) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to spot Aave DAI (ADAI), you will need to insert the shortname of the coin (ADAI) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we've marked this also. Click on “ADAI/BTC” to continue.
Step 4 – Buy (ADAI) Aave DAI As soon as you have found (ADAI) Aave DAI, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are making our Limit Order. The field with the “Price” tag will be filled with the most latest valuation (ADAI) Aave DAI was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of ADAI you like to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the complete quantity of ADAI. If you are satisfied, make a mouse click on “Buy ADAI”. Your plan will be filled as soon as a Seller sells their ADAI for the price you gave.
Step 5 – Withdraw (ADAI) Aave DAI Unless you're trading, best advise is not to keep crypto on an Exchange for an longer time period. In order to take off your (ADAI) Aave DAI, go to the ”Funds” tab and mouse click on “Withdraw”. (ADAI) Aave DAI can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (ADAI) Aave DAI by using the provided drop-down box. Drop in the quantity of (ADAI) Aave DAI you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.