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How to Buy rDAI (RDAI)

A Step-by-Step-Guide on how to buy rDAI (RDAI)

Step 1 – Join CEX.io

You'll first need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your Bitcoin or Ethereum.

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. rDAI (RDAI) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you've selected the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find rDAI (RDAI)

Once your deposit has been confirmed, you will instantly have access to your assets and you can initiate invest and trading. To buy rDAI (RDAI) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

In order to locate rDAI (RDAI), you will need to insert the shortname of the coin (RDAI) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we've highlighted this also. Click on “RDAI/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} rDAI (RDAI)
Step 4 – Acquisition of rDAI (RDAI)

As soon as you have spotted rDAI (RDAI), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the latest rate rDAI (RDAI) was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of RDAI you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole volumen of RDAI.

If you are happy, make a mouse click on “Buy RDAI”. Your plan will be filled as soon as a Vendor trades their RDAI for the price you gave.

Step 5 – Withdraw rDAI (RDAI)

Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive time period. To take off your rDAI (RDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. rDAI (RDAI) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find rDAI (RDAI) by using the provided drop-down box. Put into the amount of rDAI (RDAI) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congrats! You've successfully purchased and stored rDAI (RDAI).

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the rDAI (RDAI) is stored inside your wallet, you're done.

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