How to Buy rDAI (RDAI)

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

Step 1 – Join Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to buy units of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and to get ETH (Ethereum) or BTC (Bitcoin).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. rDAI (RDAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find (RDAI) rDAI

Once your deposit has been confirmed, you'll instantly have access to your finances and you can commence purchasing and trading. To buy rDAI (RDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To locate rDAI (RDAI), you will need to insert the short name of the asset (RDAI) into the search-box, which is highlighted in the image. Be certain of having selected the correct pairing, we have marked this also. Click on “RDAI/BTC” to go ahead.

How to buy Coin on Binance 1 rDAI (RDAI)
Step 4 – Buying (RDAI) rDAI

After you've spotted (RDAI) rDAI, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are creating our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date valuation rDAI (RDAI) was sold for. This can be changed to your preferred price. The “Amount” field is the amount of RDAI you wish to buy. The “Total” field is the whole price in Bitcoin that you will settle for the whole quantity of RDAI.

If you are satisfied, make a mouse click on “Buy RDAI”. Your plan will be filled when a Vendor sells their RDAI for the price you introduced.

Step 5 – Withdraw rDAI (RDAI)

Unless you're trading, best advise is not to keep your coins on an Exchange for an extensive period of time. In order to take off your (RDAI) rDAI, go to the tab called “Funds” and click on “Withdraw”. rDAI (RDAI) can be safely stored 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 withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, click “Submit”. You may be asked for phone/email verification ahead of a take off.

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

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the rDAI (RDAI) is stored in your wallet, you're done.