How to Buy Dai (DAI) in China

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and receive your first 10$.

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

Your Ethereum or Bitcoin has to be sent over to an Exchange 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 Trader? (Follow this how-to)

Make sure you have selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find Dai (DAI)

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

To locate Dai (DAI), you will need to put the cointype (DAI) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we have marked this too. Click onDAI/BTCto progress.

Step 4 – Purchase (DAI) Dai

As soon as you have located (DAI) Dai, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we are making our Limit Order.

The field with thePricetag will be filled with the most recent valuation (DAI) Dai was sold for. This can be changed to your desired price. The field with theAmounttag is the quantity of DAI you want to buy. The field with theTotaltag is the whole price in BTC that you will pay for the complete amount of DAI.

When you are happy, click onBuy DAI”. Your plan will be filled when a Vendor trades their DAI for the price you offered.

Step 5 – Withdraw (DAI) Dai

Unless you are trading, you should never keepyour crypto on an Exchange for an extended time frame. In order to take off your Dai (DAI), go to theFundstab and mouse click onWithdraw”. (DAI) Dai can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the provided drop-down box. Put into the volumen of (DAI) Dai you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

If you are happy, click onSubmit”. You could be asked for email/phone verification ahead of a withdrawal.

Congrats! You have successfully purchased and safed (DAI) Dai in China.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Dai (DAI) is stored within your wallet, you are finished.