How to Buy Dai (DAI) in Gabon

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

Step 1 – Signup to Coinbase and recieve 10$ for free

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

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Dai (DAI) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate Dai (DAI)

Once your deposit has been confirmed, you will now have access to your finances and you can begin purchasing and trading. To invest in Dai (DAI) on Binance, you will want to hover over the tab which is calledExchangeand click onBasic”.

In order to locate Dai (DAI), you'll need to put the shortname of the coin (DAI) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we have marked this also. Click onDAI/BTCto advance.

Step 4 – Buy Dai (DAI)

Once you've found (DAI) Dai, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to make our own Limit Order.

ThePricefield will be filled with the most recent valuation Dai (DAI) was sold for. This can be changed to your favoured price. TheAmountfield is the volumen of DAI you wish to purchase. The field with theTotaltag is the whole price in BTC that you will pay for the whole amount of DAI.

If you are happy, click onBuy DAI”. Your order will be filled as soon as a Vendor trades their DAI for the price you introduced.

Step 5 – Withdraw (DAI) Dai

Unless you are regularly trading, best advise is not to keep your crypto coins on an Exchange for an longer time frame. In order to take off your Dai (DAI), go to the tab calledFundsand click onWithdraw”. (DAI) Dai can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the provided drop-down box. Put into the amount of (DAI) Dai you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address.

When you are happy, make a mouse click onSubmit”. You may be asked for verfication via email/phone ahead of a take off.

Congratulations! You've successfully bought and stored (DAI) Dai in Gabon.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (DAI) Dai is stored inside your wallet, you're done.