How to Buy DAEX (DAX)

A Step-by-Step-Guide on how to buy DAEX (DAX)

Step 1 – Signup to Coinbase – Get Free $10

You will first need to buy units of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and getting your first 10$.

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. DAEX (DAX) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate (DAX) DAEX

As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can commence invest and trading. To invest in (DAX) DAEX on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

In order to discover (DAX) DAEX, you will need to insert the short name of the asset (DAX) into the search box, which is marked in the picture. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “DAX/BTC” to go on.

Binance How To Buy 1 DAEX (DAX)
Step 4 – Buying DAEX (DAX)

Once you have spotted (DAX) DAEX, 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 creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest rate DAEX (DAX) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of DAX you want to purchase. The “Total” field is the total price in BTC that you'll pay for the whole volumen of DAX.

When you're glad, click on “Buy DAX”. Your plan will be filled as soon as a Seller trades their DAX for the price you submitted.

Step 5 – Withdraw (DAX) DAEX

Unless you are regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extended time period. In order to take off your DAEX (DAX), go to the tab called “Funds” and mouse click on “Withdraw”. DAEX (DAX) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate DAEX (DAX) by using the provided drop-down box. Put into the quantity of (DAX) DAEX you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.

Congratulations! You've successfully purchased and stored (DAX) DAEX.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Etherscan.io or Ethplorer.io and the DAEX (DAX) is stored in your wallet, you're finished.