How to Buy DAEX (DAX) in Australia

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

Step 1 – Join Coinmama

In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and getting your Bitcoin or Ethereum.

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

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. DAEX (DAX) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

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

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

Step 3 – Find {DAEX (DAX)|(DAX) DAEX}

Once your deposit has been approved, you will immediately have access to your finances and you can begin purchasing and trading. To invest in {DAEX (DAX)|(DAX) DAEX} on Binance, you will want to go to the ”Exchange” tab and click on “Basic”.

In order to discover {DAEX (DAX)|(DAX) DAEX}, you will need to put the shortname of the coin (DAX) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked this too. Click on “DAX/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} DAEX (DAX)
Step 4 – Purchase {DAEX (DAX)|(DAX) DAEX}

After you've spotted {DAEX (DAX)|(DAX) DAEX}, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to create our own Limit Order.

The ”Price” field will be filled with the latest rate {DAEX (DAX)|(DAX) DAEX} was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of DAX you like to purchase. The ”Total” field is the total price in Bitcoin that you will pay for the whole volumen of DAX.

If you are satisfied, make a mouse click on “Buy DAX”. Your order will be filled when a Seller trades their DAX for the price you introduced.

Step 5 – Withdraw {DAEX (DAX)|(DAX) DAEX}

Unless you're trading, best advise is not to keep your coins on an Exchange for an longer time period. In order to withdraw your {DAEX (DAX)|(DAX) DAEX}, hover over the tab called “Funds” and click on “Withdraw”. {DAEX (DAX)|(DAX) DAEX} can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {DAEX (DAX)|(DAX) DAEX} by using the provided drop-down box. Drop in the amount of {DAEX (DAX)|(DAX) DAEX} you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

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

Congratulations! You have successfully bought and safed DAEX (DAX) in Australia.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the {DAEX (DAX)|(DAX) DAEX} is safe within your wallet, you're all done.

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