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How to Buy Aave DAI (ADAI)

A Step-by-Step-Guide on how to buy Aave DAI (ADAI)

Step 1 – Signup to CEX.io

You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and getting your Ethereum or Bitcoin.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Aave DAI (ADAI) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to)

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find (ADAI) Aave DAI

As soon as your deposit has been affirmed, you will instantly have access to your finances and you can start invest and trading. To buy (ADAI) Aave DAI on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To locate (ADAI) Aave DAI, you will need to insert the cointype (ADAI) into the search-box, which is highlighted in the image. Be certain of having selected the right pairing, we've highlighted this too. Click on “ADAI/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} Aave DAI (ADAI)
Step 4 – Purchase (ADAI) Aave DAI

As soon as you have spotted (ADAI) Aave DAI, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the recent rate (ADAI) Aave DAI was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of ADAI you want to buy. The ”Total” field is the aggregated price in BTC that you will settle for the complete amount of ADAI.

If you're glad, click on “Buy ADAI”. Your plan will be filled when a Seller sells their ADAI for the price you submitted.

Step 5 – Withdraw Aave DAI (ADAI)

Unless you're regularly trading, best advise is not to keep crypto on an Exchange for an extensive time frame. To withdraw your Aave DAI (ADAI), hover over the ”Funds” tab and click on “Withdraw”. Aave DAI (ADAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Aave DAI (ADAI) by using the given drop-down box. Drop in the amount of Aave DAI (ADAI) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you're glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Kudos! You've successfully bought and stored (ADAI) Aave DAI.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (ADAI) Aave DAI is safe inside your wallet, you're finished.