How to Buy Aave Polygon DAI Crypto (AMDAI)
What is Aave Polygon DAI (AMDAI)?
Aave Polygon DAI is a relatively new cryptocurrency on the Polygon Chain that's been making a lot of investors excited. This project's community is already growing fast and strong. The technology that Aave Polygon DAI is promising will be able to revolutionize the market if done right. Aave Polygon DAI its still in his early stage but so far seems very promising.
Where can I buy AMDAI Crypto?
You can buy Aave Polygon DAI on QuickSwap.
Why should you buy Aave Polygon DAI?
Aave Polygon DAI is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.
How to Buy Aave Polygon DAI Crypto?
Step 1 - Register on Coinbase
Coinbase is one of the best exchanges buy cryptocurrency with Fiat money. They make it super easy to set up the account and start buying. You can have Bitcoin or Ethereum in your wallet within minutes of setting up the account. Use the link below to register and get 10$ of Bitcoin for free after buying 100$ or more of cryptocurrencies.
Register on Coinbase and get 10$ of Bitcoin for free.
Click on 'Get Started' and add your Legal Full Name, Email, Password, and State. They'll ask for verification on everything you put here, so make sure you only use your real name, State, and email. For your safety, choose a very strong password that you haven't used on any other account.
Proceed, and now you'll have to verify your email address by clicking the link on the email they sent you.
Sign-In on Coinbase and they will ask for your phone number. This is for the 2-factor security system. Enter your phone number and type the code you received by SMS. Click Submit.
Now you'll have to add your personal information. I know this is very boring and scary to add, but Coinbase is very trustful and probably the most secure exchange, so think about it like something you give, so you can get back all the security they offer.
To finish this part, you'll need to go through the ID verification process. Once that's done, move one to the next step.
Step 2 - Buy Matic with Fiat Money
Now that all the boring verification part is done, you have to add a payment method. You can choose between a Bank Transfer or Credit/Debit card. Credit Card has higher fees, but you can make an instant purchase. Bank Transfer is cheaper, but you have to wait a couple of days for the money to arrive at Coinbase.
Go to the Buy/Sell page. Set Matic as the currency. Type the amount in Matic or fiat you pretend on buying. Select the payment method you chose to add (If you chose credit card, choose the card you added). Confirm everything is correct and click on Buy Matic.
Step 3 - Setting up a Metamask Wallet
Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Setting up the wallet is also very simple and easy.
Head over to metamask.io and click Download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.
You are now the Welcome Page of Metamask. Click on 'Get Started.' Now click on 'Create a Wallet.' Choose a strong password for your Metamask wallet and continue.
Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.
Click on reveal your backup phrase and write every word down on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, you'll be asked to confirm it. Click on every word in the correct order, and you should be done.
Now since we are using the Polygon Chain, we’ll need to add the Network. I’ll go over this very quickly. Just go over to https://polygonscan.com/.
Bottom right corner click here:
Accept everything on your Metamask and you should have your Polygon Network configured and the network switched to it.
Alternatively you can add the network manually like this:
Click on the upper right corner where you see the image and then click Settings. Select Networks and click on Add Network.
Fill out the boxes with this info:
- Network Name:Polygon
- New RPC URL: https://polygon-rpc.com
- Chain ID: 137
- Symbol: MATIC
- Block Explorer URL: https://polygonscan.com/
Click Save, and now you have Polygon installed on your Metamask.
Step 4 - Send your Matic to the Metamask Wallet
To buy Aave Polygon DAI, you'll need to have some Matic in your Metamask balance so you can trade it for Aave Polygon DAI. That is why I instructed you to buy Matic first, instead of Bitcoin, for example.
To have your previously purchased Matic on your Metamask wallet, you have to send it from your Coinbase account to your Metamask wallet.
Copy your Metamask Wallet address by clicking here:
Go back to your Coinbase Dashboard. On the upper right corner, click on Send/Receive.
Choose the amount you want to send (click send all if that's what you want). Paste your Metamask wallet address where it says 'To.' Confirm all the details and complete the transaction.
After some minutes (sometimes it takes a bit longer), you should see the MATIC you sent on your Metamask Wallet.
Step 5 - Buy Aave Polygon DAI on Quickswap with MATIC
QuickSwap is currently the number one Decentralized Exchanged in the Polygon Chain, and it's simply the best place to buy cryptocurrencies that aren't available on sites like Coinbase or Binance.
Before we head over to QuickSwap, we need to prepare your Metamask Wallet to receive Aave Polygon DAI. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive Aave Polygon DAI( AMDAI).
You can check the price and confirm the correct token address of Aave Polygon DAI on Coingecko.
Let's buy some Aave Polygon DAI!
Go to QuickSwap. On the upper right corner, click on Connect Wallet and select Metamask. A confirmation popup should open on Metamask (click on the "little fox logo" if you don't see it). Now you need to accept, connect, and your wallet should be connected to QuickSwap.
Select a token and paste the Token contract address: 0x27f8d03b3a2196956ed754badc28d73be8830a6e
Click Import and accept the terms.
Now you have to select the amount of MATIC you want to trade for AMDAI. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your AMDAI should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Aave Polygon DAI!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on QuickSwap's gear icon, and put 5% here:
Please make sure you read our Disclaimer. We are not financial advisors.