How to Buy ChallengeDAC (CHL)

A Step-by-Step-Guide on how to buy ChallengeDAC (CHL)

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

In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and getting your welcome 10$.

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. ChallengeDAC (CHL) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you have selected the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find ChallengeDAC (CHL)

As soon as your deposit has been verified, you will now have access to your funds and you can initiate invest and trading. To buy (CHL) ChallengeDAC on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate (CHL) ChallengeDAC, you will need to put the short name of the asset (CHL) into the search box, which is marked in the image. Be certain of having selected the right pairing, we have marked this too. Click on “CHL/BTC” to progress.

How to buy Coin on Binance 1 ChallengeDAC (CHL)
Step 4 – Buy ChallengeDAC (CHL)

After you've found (CHL) ChallengeDAC, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're going to make our Limit Order.

The “Price” field will be filled with the most latest valuation (CHL) ChallengeDAC was sold for. You can change this to your desired price. The “Amount” field is the quantity of CHL you want to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole amount of CHL.

If you're glad, make a mouse click on “Buy CHL”. Your plan will be filled as soon as a Vender trades their CHL for the price you submitted.

Step 5 – Withdraw (CHL) ChallengeDAC

Unless you are frequently trading, never keep your coins on an Crypto Exchange for an longer time frame. In order to withdraw your ChallengeDAC (CHL), go to the “Funds” tab and mouse click on “Withdraw”. ChallengeDAC (CHL) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate ChallengeDAC (CHL) by using the provided drop-down box. Put into the volumen of ChallengeDAC (CHL) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you're glad, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.

Kudos! You've successfully bought and stored ChallengeDAC (CHL).

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (CHL) ChallengeDAC is stored inside your wallet, you are all done.