How to buy Digix DAO (DGD) on Binance

Digix DAO is a new form of cryptographic asset in that it is a Decentralised Autonomous Organisation or DAO for short. DAO are basically Companies written in code that are there to perform a set of functions with holders of the tokens voting in relation to the number of tokens they hold.

The Digix DAO gives users the right to profits in the trading of Digix tokens (DGX) which own the right to gold stored in vault in Singapore. So if people trade 20 gold bars per day — the Digix DAO token holders will have the profits of the commission from those trades distributed equally amongst themselves.

Step 1: Create an account on Binance

The first step in the process is to create your Binance account. The process is very simple. You are only required to provide your valid email address and a password. Make sure that you provide a strong password when creating your account, since this is a place where you will be keeping your funds. You can also provide a referral id. You can use my referral id if you’d like (13780719).

Step 2: Activate your Account

Once you finish with the first step, an email will be sent to you from Binance to activate your account. Open your email client and click on the activation link. If you can’t find the activation email from Binance then check your spam folder or request Binance to send another activation email.

Please note that they may ask you for some verification documents such as national id, driving license and/or passport.

Step 3: Log in to your Account

Go back to Binance website and log in to your account with the credential you provided in the previous step. Although it is not mandatory, the first thing that I would personally do is to set up a Two-factor Authentication in order to strengthen the security of the account.

Step 4: Transfer Funds to your Binance wallet

In Binance you buy Digix DAO (DGD) tokens only by using Ethereum or Bitcoin. Therefore, you will need to transfer some Ethereum or Bitcoin to you Binancewallet. In case, you do not have any Bitcoin on Ethereum, then you can buy some using fiat currency at Coinbase or your preferred exchange. If you don’t know how to do that, then you can just follow one of our step-by-step guides on how to buy Ethereum or Bitcoin.

Learn more on how to buy Bitcoin.

Learn more on how to buy Ethereum.

In order to deposit your funds, tap on the Funds tab on the top navigation bar. Then click Deposit Withdrawals and from the list below find either the Ethereum or Bitcoin wallet, depending on what you want to deposit. Select the wallet address provided and use it in the exchange or wallet you have your funds and send them in Binance.

Step 5: Buy Digix DAO (DGD) tokens

Congratulations, you are ready to buy some Digix DAO (DGD) tokens. Tap on the Exchange tab and then Basic on the top navigation bar. On the top right of the exchange select BTC (Bitcoin) or ETH (Ethereum) and search for DGD/ETH or DGD/BTC.

This will open the trading view of the pair you want to exchange. Go and find the Buy/Sell section of the page and place your Buy order. Here you go, you have your first Digix DAO (DGD) tokens.

On your screen you will see Buy **DGD** and Sell **DGD**

Learn more about Digix DAO from their official website.

Disclaimer: The content of this page is not an investment advice. Please do your own research before you invest. The content of this page has pure educational and/or informational purpose.