How to Buy dForce DAI (DDAI)

A Step-by-Step-Guide on how to buy dForce DAI (DDAI)

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and getting your first $10.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. dForce DAI (DDAI) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual)

Make sure you've chosen the right coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Find dForce DAI (DDAI)

As soon as your deposit has been approved, you'll now have access to your funds and you can commence buying and trading. To invest in dForce DAI (DDAI) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

In order to discover dForce DAI (DDAI), you will need to put the shortname of the coin (DDAI) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we've highlighted this also. Click on “DDAI/BTC” to go on.

How to buy Coin on Binance 1 dForce DAI (DDAI)
Step 4 – Buying dForce DAI (DDAI)

Once you've found dForce DAI (DDAI), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest tariff (DDAI) dForce DAI was sold for. This can be changed to your favoured price. The “Amount” field is the quantity of DDAI you like to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete amount of DDAI.

When you're glad, click on “Buy DDAI”. Your plan will be filled when a Vendor trades their DDAI for the price you gave.

Step 5 – Withdraw dForce DAI (DDAI)

Unless you are frequently trading, best advise is not to keep crypto on an Exchange for an longer time period. To withdraw your dForce DAI (DDAI), go to the “Funds” tab and mouse click on “Withdraw”. dForce DAI (DDAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find dForce DAI (DDAI) by using the provided drop-down box. Drop in the amount of dForce DAI (DDAI) you'd like to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Congrats! You have successfully bought and stored dForce DAI (DDAI).

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the dForce DAI (DDAI) is stored within your wallet, you're done.