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 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. DAEX (DAX) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find DAEX (DAX) As soon as your deposit has been affirmed, you'll directly have access to your assets and you can start buying and trading. To buy DAEX (DAX) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To find DAEX (DAX), you'll need to insert the short name of the asset (DAX) into the search-box, which is marked in the picture. Make sure you have choosen the correct pairing, we've marked this too. Click on “DAX/BTC” to advance.
Step 4 – Purchasing DAEX (DAX) Once you have discovered DAEX (DAX), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we are creating our own Limit Order. The ”Price” field will be filled with the recent rate DAEX (DAX) was traded for. This can be changed to your desired price. The ”Amount” field is the quantity of DAX you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete quantity of DAX. If you're happy, click on “Buy DAX”. Your plan will be filled when a Seller trades their DAX for the price you submitted.
Step 5 – Withdraw DAEX (DAX) Unless you are trading, best advise is not to keep crypto on an Exchange for an extensive time period. To withdraw your DAEX (DAX), go to the ”Funds” tab and mouse click on “Withdraw”. DAEX (DAX) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find DAEX (DAX) by using the provided drop-down box. Drop in the quantity of DAEX (DAX) you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.