How to Buy Dai (DAI) in Cook Islands

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

Step 1 – Join CoinbaseGet Free $10

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

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Dai (DAI) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate (DAI) Dai

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

In order to find Dai (DAI), you will need to insert the cointype (DAI) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we've marked this also. Click onDAI/BTCto progress.

Step 4 – Buy (DAI) Dai

After you've spotted (DAI) Dai, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order.

The field with thePricetag will be filled with the most recent rate (DAI) Dai was traded for. You can change this to your favoured rate. TheAmountfield is the quantity of DAI you like to buy. TheTotalfield is the total price in Bitcoin that you will settle for the complete amount of DAI.

If you're happy, make a mouse click onBuy DAI”. Your order will be filled as soon as a Vendor trades their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended period of time. To withdraw your Dai (DAI), go to the tab calledFundsand click onWithdraw”. Dai (DAI) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the provided drop-down box. Drop in the volumen of Dai (DAI) you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, clickSubmit”. You could be requested for email/phone verification before a withdrawal.

Kudos! You've successfully bought and safed Dai (DAI) in Cook Islands.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Dai (DAI) is stored within your wallet, you are done.