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How to Buy Dai (DAI)

A Step-by-Step-Guide on how to buy Dai (DAI)

Step 1 – Signup to CEX.io

You'll first need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and to get your Bitcoin or Ethereum.

Binance Signup
Step 2 – {Transmit} Your {Funds} to an {Crypto Trader}

Your {Ethereum (ETH) or Bitcoin (BTC)} {has} to be sent over to an {Crypto Trader} now. {Every exchange has} a deposit form that is {similar}. Dai (DAI) is {accessible} on Binance, so {we're going to} use that as an {example}. {Unsure} on how to send {funds from Coinbase} to an {Crypto Trader}? ({Follow} {this guide})

Make sure {you've} {chosen} the {right} coin you {wish} to deposit.

{Bitcoin} must be sent to a {Bitcoin} deposit address, {ETH} to an {ETH} deposit address, {and so on}. {In the case} {you're} {using} a decentralized exchange, {such as} Airswap or DDEX could be {opposed} ({Just follow} {our manual}).

Step 3 – {Locate} Dai (DAI)

{As soon as} your deposit has been {verified}, {you'll} {directly} have access to your {finances} and you can {launch} {invest} and trading. To {buy} Dai (DAI) on Binance, {you'll} want to {hover over} the {tab which is called “Exchange”} and{ then} {mouse click} on “Basic”.

{To} {find} Dai (DAI), {you'll} need to {insert} the {cointype} (DAI) into the {search box}, which is {highlighted} in the {image}. {Be certain of having} {selected} the {correct} {grouping}, {we have} {highlighted} this {too}. Click on “DAI/BTC” to {advance}.

{How to buy Coin on Binance 1|Binance How To Buy 1} Dai (DAI)
Step 4 – {Purchasing} Dai (DAI)

{After} {you have} {discovered} Dai (DAI), {you'll} be {given} a {Price Chart} (in the Center of the {picture}) and {some} Order Books ({Leftside} of the {picture}). {Next} {we're} {making} our{} Limit Order.

The {field with the “Price” tag} will be {filled automatically} with the{ most} {up-to-date} {rate} Dai (DAI) was {traded} for. {You can change this} to your {favoured} {rate}. The {”Amount” field} is the {volumen} of DAI you {like} to {purchase}. The {”Total” field} is the {whole} price in {Bitcoin} that {you'll} {pay} for the {whole} {quantity} of DAI.

{When} {you're} {satisfied}, {click} on “Buy DAI”. Your {plan} will be filled {as soon as} a {Vender} {trades} their DAI for the price you {gave}.

Step 5 – Withdraw Dai (DAI)

Unless {you're}{ frequently} trading, {never keep your} {coins} on an {Crypto Exchange} for an {longer} {period of time}. {In order to} {take off} your Dai (DAI), {go to} the {tab called “Funds”} and {mouse click} on “Withdraw”. Dai (DAI) can be {stored safely} using a Wallet, {for instance} MyEtherWallet. (MyEtherWallet Setup Guide)

{Locate} Dai (DAI) by using the {given} drop-down box. {Drop in} the {amount} of Dai (DAI) {you'd} {like} to {withdraw}. {Don't forget} the {shown} {fees/minimums}. Also make sure you have {entered} your {right} 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've} successfully {purchased} and {stored} Dai (DAI).

That's it!

{Withdrawals} from {Crypto Trader} can {durate} {between} 1 – 30 minutes ({rely} on {network usage}). {As soon as} {you've} {proved} your {withdrawal} {with} {Etherscan.io or Ethplorer.io} and the Dai (DAI) is {safe} {inside} your wallet, {you are} {done}.

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