How to Buy Dai (DAI)

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

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and receive your first $10.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Dai (DAI) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate Dai (DAI)

Once your deposit has been verified, you'll now have access to your finances and you can start invest and trading. To purchase Dai (DAI) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

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 proper pairing, we've highlighted this too. Click on “DAI/BTC” to go ahead.

Binance Hot To Buy Dai (DAI)
Binance How to Buy (DAI) Dai
Step 4 – Purchasing (DAI) Dai

After you've located (DAI) Dai, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our Limit Order.

The ”Price” field will be filled with the up-to-date rate (DAI) Dai was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of DAI you want to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the whole volumen of DAI.

When you're happy, click on “Buy DAI”. Your order will be filled as soon as a Vender sells their DAI for the price you submitted.

Step 5 – Withdraw (DAI) Dai

Unless you are trading, never keep your crypto on an Crypto Exchange for an longer time period. In order to withdraw your (DAI) Dai, go to the ”Funds” tab and click on “Withdraw”. (DAI) Dai can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the provided drop-down box. Drop in the amount of (DAI) Dai you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Binance Withdraw

Congratulations! You have successfully purchased and stored Dai (DAI).

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Dai (DAI) is stored in your wallet, you are done.