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Topic: How to buy DAO tokens the easy way using Bittrex - page 4. (Read 7571 times)

member
Activity: 107
Merit: 10
Oh Thx! I am also whant to be DAOholder! Wink Using Bittrex best way for me.
legendary
Activity: 952
Merit: 1000
I've been surprised at the number of people who keep asking about how to buy DAO tokens so I thought it might be useful to start a new topic about it.  If you are not technically minded or have not recently updated your MIST wallet and don't want to wait for it to update the Bittrex DAO page is a quick and easy way to do it.
Before starting you will need to have some ETHER.  ETHER is the currency used to purchase DAO.  The easiest way to get it is in exchange for Bitcoins and you can do this directly on any exchange (including Bittrex).  At the initial price you get 100 DAO tokens for 1 ETHER (https://daohub.org).

A) Transfer Ether to your Bittrex wallet (if it is on another exchange or in your MIST wallet).  If you don't have a bittrex account you will need to make one first. (https://bittrex.com)

B) Once the Ether is in your Bittrex Ether wallet you can go to the Bittrex DAO page (https://bittrex.com/balance/dao).

C) Click on the generate address button to generate your DAO address (Step 1) then enter the amount and click on the transfer button (step 2).

D) Confirm you want to withdraw your Ether to the DAO creation address (enter your 2fa code if required) and wait up to 30 minutes.
 
E) After a while the number of DAO tokens will be listed on the same page under where it says Step 3 "Validate your balance".


Important Notes:

-If you are really wary or unsure try going through the process with a small number of Ether.

-You can do it as many times as you like during the DAO creation period using the same address. Just remember to go through the steps as above (except for Step 1 on the DAO generation page as you only need to do this once).

-You will always need to send your ether to the regular Bittrex wallet first then use the Bittrex DAO page to transfer it. You can't just send directly to the DAO creation address.

-You won't be able to trade DAO or move it from Bittrex until the DAO creation period is over (28th May 2016 at the earliest).

-For more information on the dao go to: https://daohub.org
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