How to Buy Dai (DAI)

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

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

You'll first need to buy units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and receive your welcome 10 Dollar.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Dai (DAI) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you've chosen the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find (DAI) Dai

As soon as your deposit has been confirmed, you will now have access to your finances and you can launch invest and trading. To invest in Dai (DAI) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to find 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 choosen the correct grouping, we have highlighted this also. Click on “DAI/BTC” to go ahead.

Binance How To Buy 1 Dai (DAI)
Step 4 – Purchasing Dai (DAI)

Once you've located (DAI) Dai, you will 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 make our Limit Order.

The field with the “Price” tag will be filled automatically with the latest tariff (DAI) Dai was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of DAI you want to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the whole volumen of DAI.

If you're happy, click on “Buy DAI”. Your order will be filled when a Seller sells their DAI for the price you offered.

Step 5 – Withdraw (DAI) Dai

Unless you are frequently trading, you should never keepyour crypto on an Crypto Trader for an extended time frame. In order 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 example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the given drop-down box. Put into the amount of (DAI) Dai you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Congrats! You have successfully bought and safed (DAI) Dai.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Dai (DAI) is stored within your wallet, you are finished.