A Step-by-Step-Guide on how to buy DAEX (DAX)
Step 1 – Join CEX.io You'll first need to purchase units of the major currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Funds to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. DAEX (DAX) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find DAEX (DAX) Once your deposit has been affirmed, you will instantly have access to your assets and you can initiate buying and trading. To invest in DAEX (DAX) on Binance, you will want to go to the ”Exchange” tab and click on “Basic”. To spot DAEX (DAX), you will need to insert the cointype (DAX) into the search-box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have marked this too. Click on “DAX/BTC” to go on.
Step 4 – Acquisition of DAEX (DAX) Once you have located DAEX (DAX), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate DAEX (DAX) was sold for. You can change this to your preferred price. The ”Amount” field is the amount of DAX you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole amount of DAX. When you're satisfied, click on “Buy DAX”. Your order will be filled as soon as a Seller sells their DAX for the price you submitted.
Step 5 – Withdraw DAEX (DAX) Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive period of time. In order to withdraw your DAEX (DAX), go to the tab called “Funds” and click on “Withdraw”. DAEX (DAX) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate DAEX (DAX) by using the provided drop-down box. Drop in the amount of DAEX (DAX) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.