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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 – {Transfer} Your {ETH (Ethereum) or BTC (Bitcoin)} to an {Cryptocurrency Exchange}

Your {Ethereum or Bitcoin} {will need} 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're going to} use that as an {sample}. {Unsure} on how to send {funds from Coinbase} to an {Exchange}? ({Follow} {this guide})

Make sure {you have} {selected} the {correct} coin you {want} to deposit.

{BTC} must be sent to a {BTC} deposit address, {Ethereum} to an {ETH} deposit address, {etcetera}. {In the case} {you are} {dealing with} a decentralized exchange, {such as} Airswap or DDEX could be {opposed} ({Follow} {our manual}).

Step 3 – {Find} Dai (DAI)

{Once} your deposit has been {verified}, {you will} {immediately} have access to your {assets} and you can {begin} {invest} and trading. To {purchase} Dai (DAI) on Binance, {you will} want to {go to} the {”Exchange” tab} and{} {mouse click} on “Basic”.

{In order to} {discover} Dai (DAI), {you will} need to {insert} the {shortname of the coin} (DAI) into the {search-box}, which is {highlighted} in the {graphic}. {Be certain of having} {selected} the {correct} {grouping}, {we've} {highlighted} this {also}. Click on “DAI/BTC” to {continue}.

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

{As soon as} {you have} {found} Dai (DAI), {you'll} be {given} a {Price Chart} (in the Center of the {image}) and {a few} Order Books ({Leftside} of the {image}). {And now} {we're} {going to create} our{ own} Limit Order.

The {field with the “Price” tag} will be {filled} with the{ most} {latest} {tariff} Dai (DAI) was {traded} for. {You can change this} to your {desired} {rate}. The {field with the “Amount” tag} is the {quantity} of DAI you {want} to {buy}. The {field with the “Total” tag} is the {whole} price in {BTC} that {you will} {pay} for the {complete} {volumen} of DAI.

{If} {you are} {satisfied}, {make a mouse click} on “Buy DAI”. Your {order} will be filled {when} a {Vendor} {trades} their DAI for the price you {submitted}.

Step 5 – Withdraw Dai (DAI)

Unless {you are}{ frequently} trading, {best advise is not to keep your} {crypto} on an {Crypto Exchange} for an {extended} {time frame}. {In order to} {take off} your Dai (DAI), {hover over} the {”Funds” tab} and {mouse click} on “Withdraw”. Dai (DAI) can be {securely stored} using a Wallet, {for example} MyEtherWallet. (MyEtherWallet Setup Guide)

{Locate} Dai (DAI) by using the {given} drop-down box. {Enter} the {amount} of Dai (DAI) {you'd} {like} to {withdraw}. {Take into account} the {demonstrated} {fees/minimums}. Also make sure you have {entered} your {right} withdraw address.

{When} {you're} {happy}, {click on} “Submit”. You {may} be {requested} for {verfication via phone/email} {before} a {withdrawal}.

{Kudos}! {You have} successfully {bought} and {stored} Dai (DAI).

That's it!

{Withdrawals} from {Crypto Exchange} can {take} {between} 1 – 30 minutes ({rely} on {usage of the network}). {As soon as} {you have} {proved} your {take off} {with} {Ethplorer.io or Etherscan.io} and the Dai (DAI) is {safe} {within} your wallet, {you're} {all done}.

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