How to Buy Dai (DAI) in Grenada

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

Step 1 – Join CoinbaseGet Free $10

In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and getting your first $10.

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate Dai (DAI)

As soon as your deposit has been verified, you'll now have access to your finances and you can commence purchasing and trading. To purchase Dai (DAI) on Binance, you will want to go to the tab which is calledExchangeand after that mouse click onBasic”.

In order to find (DAI) Dai, you will need to put the shortname of the coin (DAI) into the search box, which is highlighted in the picture. Make sure you have choosen the right grouping, we've marked this also. Click onDAI/BTCto continue.

Step 4 – Acquisition of Dai (DAI)

Once you have spotted Dai (DAI), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order.

ThePricefield will be filled automatically with the most recent price Dai (DAI) was traded for. This can be changed to your desired rate. TheAmountfield is the quantity of DAI you wish to purchase. TheTotalfield is the total price in Bitcoin that you'll settle for the complete volumen of DAI.

If you're happy, make a mouse click onBuy DAI”. Your plan will be filled as soon as a Vender sells their DAI for the price you submitted.

Step 5 – Withdraw Dai (DAI)

Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended period of time. In order to take off your (DAI) Dai, hover over theFundstab and mouse click onWithdraw”. Dai (DAI) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the given drop-down box. Enter the quantity of Dai (DAI) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you are satisfied, clickSubmit”. You could be requested for verfication via email/phone before a take off.

Congratulations! You have successfully purchased and stored (DAI) Dai in Grenada.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). Once you've proved your take off with Ethplorer.io or Etherscan.io and the (DAI) Dai is safe within your wallet, you're all done.