A Step-by-Step-Guide on how to buy Dai (DAI)
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to purchase one of the top-tier coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome $10.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Dai (DAI) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you've chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find Dai (DAI) Once your deposit has been confirmed, you'll directly have access to your assets and you can initiate buying and trading. To invest in Dai (DAI) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to locate Dai (DAI), you'll need to insert the shortname of the coin (DAI) into the search box, which is highlighted in the picture. Be certain of having selected the right grouping, we have highlighted this too. Click on “DAI/BTC” to advance.
Step 4 – Purchasing (DAI) Dai As soon as you've located (DAI) Dai, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to create our Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate (DAI) Dai was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of DAI you like to buy. The ”Total” field is the whole price in BTC that you will settle for the whole amount of DAI. If you're glad, click on “Buy DAI”. Your order will be filled when a Vendor trades their DAI for the price you gave.
Step 5 – Withdraw (DAI) Dai Unless you are regularly trading, never keep your crypto on an Exchange for an longer time frame. To take off your (DAI) Dai, go to the tab called “Funds” and mouse click on “Withdraw”. (DAI) Dai can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DAI) Dai by using the provided drop-down box. Enter the quantity of (DAI) Dai you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you are glad, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.