A Step-by-Step-Guide on how to buy DAEX (DAX)
Step 1 – Signup to CEX.io You will first need to buy units of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and to get your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Funds to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. DAEX (DAX) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate DAEX (DAX) As soon as your deposit has been approved, you will immediately have access to your finances and you can launch invest and trading. To purchase DAEX (DAX) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to spot DAEX (DAX), you'll need to insert the shortname of the coin (DAX) into the search-box, which is marked in the picture. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “DAX/BTC” to advance.
Step 4 – Acquisition of DAEX (DAX) After you have spotted DAEX (DAX), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're making our own Limit Order. The ”Price” field will be filled with the most latest price DAEX (DAX) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of DAX you want to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the whole amount of DAX. When you are satisfied, click on “Buy DAX”. Your order will be filled when a Vendor trades their DAX for the price you introduced.
Step 5 – Withdraw DAEX (DAX) Unless you're regularly trading, best advise is not to keep your crypto coins on an Exchange for an longer period of time. In order to take off your DAEX (DAX), go to the tab called “Funds” and mouse click on “Withdraw”. DAEX (DAX) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate DAEX (DAX) by using the provided drop-down box. Enter the volumen of DAEX (DAX) you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.