How to Buy xDAI Stake (STAKE) in Australia

A Step-by-Step-Guide on how to buy xDAI Stake (STAKE) in Australia

Step 1 – Join Coinmama

In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and receive your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. xDAI Stake (STAKE) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to)

Make sure you have chosen the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate xDAI Stake (STAKE)

As soon as your deposit has been approved, you will now have access to your funds and you can initiate buying and trading. To buy xDAI Stake (STAKE) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to discover xDAI Stake (STAKE), you will need to insert the shortname of the coin (STAKE) into the search box, which is marked in the graphic. Be certain of having choosen the right grouping, we've marked this too. Click on “STAKE/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} xDAI Stake (STAKE)
Step 4 – Buying xDAI Stake (STAKE)

After you've located xDAI Stake (STAKE), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price xDAI Stake (STAKE) was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of STAKE you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete volumen of STAKE.

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

Step 5 – Withdraw xDAI Stake (STAKE)

Unless you're trading, you should never keepyour coins on an Exchange for an extended time period. To withdraw your xDAI Stake (STAKE), go to the ”Funds” tab and mouse click on “Withdraw”. xDAI Stake (STAKE) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find xDAI Stake (STAKE) by using the given drop-down box. Put into the volumen of xDAI Stake (STAKE) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address.

If you're satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Congratulations! You've successfully purchased and stored xDAI Stake (STAKE) in Australia.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the xDAI Stake (STAKE) is stored inside your wallet, you are finished.

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