How to Buy Dai (DAI) in Denmark

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 calledExchangeand then click onBasic”.

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 onDAI/BTCto 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 thePricetag will be automatically filled with the recent valuation Dai (DAI) was traded for. You can change this to your desired price. TheAmountfield 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 whole amount of DAI.

When you're happy, click onBuy 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 theFundstab and mouse click onWithdraw”. 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 onSubmit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Congrats! You have successfully bought and stored (DAI) Dai in Denmark.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the Dai (DAI) is safe inside your wallet, you're finished.