How to Buy Dai (DAI) in Antigua And Barbuda

A Step-by-Step-Guide on how to buy Dai (DAI) in Antigua And Barbuda

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get your first 10$.

Step 2 – Transfer Your Funds to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Dai (DAI) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find (DAI) Dai

As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can initiate invest and trading. To purchase Dai (DAI) on Binance, you'll want to hover over the tab which is calledExchangeand after that mouse click onBasic”.

To spot (DAI) Dai, you'll need to insert the short name of the asset (DAI) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we've highlighted this too. Click onDAI/BTCto proceed.

Step 4 – Buy (DAI) Dai

After you have discovered (DAI) Dai, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are making our Limit Order.

The field with thePricetag will be automatically filled with the recent rate Dai (DAI) was traded for. You can change this to your preferred price. The field with theAmounttag is the quantity of DAI you want to purchase. The field with theTotaltag is the total price in Bitcoin that you will settle for the complete amount of DAI.

When you are glad, make a mouse click onBuy DAI”. Your plan will be filled as soon as a Vender trades their DAI for the price you submitted.

Step 5 – Withdraw Dai (DAI)

Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Trader for an extended time period. To withdraw your Dai (DAI), go to theFundstab and click onWithdraw”. (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 volumen of Dai (DAI) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

If you are happy, clickSubmit”. You could be requested for verfication via phone/email ahead of a take off.

Congrats! You have successfully bought and stored Dai (DAI) in Antigua And Barbuda.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Dai (DAI) is stored inside your wallet, you're finished.