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 – {Send} Your {Ethereum (ETH) or Bitcoin (BTC)} to an {Crypto Trader}

Your {Bitcoin or Ethereum} {will need} to be sent over to an {Crypto Trader} now. {Every exchange has} a deposit form that is {alike}. Dai (DAI) is {obtainable} on Binance, so {we will} use that as an {illustration}. {Unsure} on how to send {Coinbase funds} to an {Cryptocurrency Exchange}? ({Follow} {this how-to})

Make sure {you have} {chosen} the {precise} coin you {want} to deposit.

{BTC} must be sent to a {BTC} deposit address, {Ethereum} to an {Ethereum} deposit address, {etcetera}. {In the case} {you're} {working with} a decentralized exchange, {like} Airswap or DDEX could be {divergent} ({Follow} {our guide}).

Step 3 – {Find} Dai (DAI)

{Once} your deposit has been {affirmed}, {you'll} {instantly} have access to your {assets} and you can {commence} {invest} and trading. To {purchase} Dai (DAI) on Binance, {you'll} want to {hover over} the {tab which is called “Exchange”} and{ then} {click} on “Basic”.

{To} {discover} Dai (DAI), {you'll} need to {insert} the {cointype} (DAI) into the {search-box}, which is {highlighted} in the {graphic}. {Make sure you have} {choosen} the {right} {grouping}, {we have} {highlighted} this {also}. Click on “DAI/BTC” to {continue}.

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

{Once} {you've} {found} Dai (DAI), {you'll} be {presented with} a {Chart with Prices} (in the Center of the {picture}) and {some} Order Books ({Leftside} of the {image}). {Next} {we are} {going to create} our{ own} Limit Order.

The {”Price” field} will be {automatically filled} with the{} {recent} {valuation} Dai (DAI) was {sold} for. {This can be changed} to your {preferred} {rate}. The {field with the “Amount” tag} is the {quantity} of DAI you {wish} to {purchase}. The {field with the “Total” tag} is the {total} price in {Bitcoin} that {you will} {settle} for the {complete} {volumen} of DAI.

{If} {you are} {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 are}{} trading, {never keep your} {crypto} on an {Crypto Exchange} for an {extensive} {time frame}. {To} {take off} your Dai (DAI), {hover over} the {tab called “Funds”} and {mouse click} on “Withdraw”. Dai (DAI) can be {stored safely} using a Wallet, {e.g.} MyEtherWallet. (MyEtherWallet Setup Guide)

{Find} Dai (DAI) by using the {given} drop-down box. {Enter} the {volumen} of Dai (DAI) {you'd} {wish} to {withdraw}. {Don't forget} the {shown} {minimus/fees}. Also make sure you have {filled} your {correct} 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

{Kudos}! {You've} successfully {purchased} and {safed} Dai (DAI).

That's it!

{Take offs} from {Cryptocurrency Exchange} can {take} {between} 1 – 30 minutes ({depending} on {network usage}). {As soon as} {you have} {proved} your {take off} {with} {Ethplorer.io or Etherscan.io} and the (DAI) Dai is {stored} {within} your wallet, {you are} {done}.

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