How to Buy Dai (DAI) in Greenland

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

Step 1 – Join Coinbase and get 10$ for free

You'll first need to buy units of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and getting your welcome 10 Dollar.

Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange

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

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate Dai (DAI)

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

In order to locate (DAI) Dai, you will need to put the shortname of the coin (DAI) into the search-box, which is marked in the image. Make sure you have selected the right pairing, we've marked this too. Click onDAI/BTCto go ahead.

Step 4 – Purchase (DAI) Dai

As soon as you've discovered Dai (DAI), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are making our Limit Order.

ThePricefield will be automatically filled with the most latest price Dai (DAI) was traded for. You can change this to your desired rate. TheAmountfield is the amount of DAI you like to purchase. The field with theTotaltag is the aggregated price in Bitcoin that you will pay for the complete quantity of DAI.

When you're 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 regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extensive time frame. To withdraw your (DAI) Dai, hover over theFundstab and click onWithdraw”. Dai (DAI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the given drop-down box. Enter the amount of (DAI) Dai you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you're happy, make a mouse click onSubmit”. You may be requested for email/phone verification ahead of a take off.

Kudos! You have successfully bought and safed (DAI) Dai in Greenland.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Dai (DAI) is stored in your wallet, you are all done.