A Step-by-Step-Guide on how to buy Dai (DAI) in Denmark
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and to get your first 10$.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Dai (DAI) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find (DAI) Dai As soon as your deposit has been confirmed, you'll now have access to your finances and you can begin purchasing and trading. To buy (DAI) Dai on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To spot Dai (DAI), you will need to put the shortname of the coin (DAI) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “DAI/BTC” to proceed.
Step 4 – Purchase (DAI) Dai Once you have spotted (DAI) Dai, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our Limit Order. The field with the “Price” tag will be automatically filled with the recent valuation Dai (DAI) was traded for. You can change this to your desired price. The “Amount” field is the quantity of DAI you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole amount of DAI. When you're happy, click on “Buy DAI”. Your order will be filled as soon as a Seller trades their DAI for the price you offered.
Step 5 – Withdraw Dai (DAI) Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your Dai (DAI), go to the “Funds” tab and mouse click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DAI) Dai by using the given drop-down box. Enter the volumen of Dai (DAI) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.