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How to Buy Prime DAI (PDAI)

A Step-by-Step-Guide on how to buy Prime DAI (PDAI)

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and to get your first 10$.

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Prime DAI (PDAI) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate (PDAI) Prime DAI

Once your deposit has been confirmed, you'll now have access to your finances and you can launch invest and trading. To buy (PDAI) Prime DAI on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

To find (PDAI) Prime DAI, you'll need to put the cointype (PDAI) into the search box, which is marked in the graphic. Make sure you have choosen the correct grouping, we've marked this also. Click on “PDAI/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} Prime DAI (PDAI)
Step 4 – Buy Prime DAI (PDAI)

As soon as you have spotted Prime DAI (PDAI), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're making our own Limit Order.

The field with the “Price” tag will be filled with the up-to-date valuation Prime DAI (PDAI) was sold for. You can change this to your preferred price. The ”Amount” field is the amount of PDAI you want to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the complete amount of PDAI.

If you're happy, make a mouse click on “Buy PDAI”. Your order will be filled when a Vender sells their PDAI for the price you introduced.

Step 5 – Withdraw Prime DAI (PDAI)

Unless you are trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time period. In order to withdraw your Prime DAI (PDAI), go to the ”Funds” tab and mouse click on “Withdraw”. Prime DAI (PDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Prime DAI (PDAI) by using the provided drop-down box. Enter the quantity of Prime DAI (PDAI) you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address.

If you are satisfied, click on “Submit”. You may be asked for verfication via email/phone before a take off.

Kudos! You've successfully bought and safed Prime DAI (PDAI).

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). Once you have proved your take off using Ethplorer.io or Etherscan.io and the Prime DAI (PDAI) is stored within your wallet, you are finished.