How to Buy Dai (DAI)

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

Step 1 – Join Kraken

You'll first need to buy units of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and getting Funds.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Dai (DAI) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you've selected the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find Dai (DAI)

Once your deposit has been affirmed, you will immediately have access to your finances and you can launch invest and trading. To buy Dai (DAI) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to discover Dai (DAI), you'll need to put the short name of the asset (DAI) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we have highlighted this too. Click on “DAI/BTC” to advance.

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

Once you've located Dai (DAI), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're going to create our own Limit Order.

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

When you are happy, make a mouse click on “Buy DAI”. Your order will be filled when a Vender trades their DAI for the price you gave.

Step 5 – Withdraw Dai (DAI)

Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time frame. To withdraw 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 quantity of Dai (DAI) you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.

Binance Withdraw

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

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the (DAI) Dai is safe in your wallet, you are all done.

Some other Guides on How to buy Coins

How to Buy IronCoin
How to Buy INMAXCOIN
How to Buy Coins
/* */ Generated by MPG