How to Buy Dai (DAI) in Guyana

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

Step 1 – Join Coinbase and recieve 10$ for free

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

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps)

Make sure you've chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate (DAI) Dai

Once your deposit has been affirmed, you will now have access to your finances and you can initiate buying and trading. To purchase Dai (DAI) on Binance, you'll want to go to the tab which is calledExchangeand then mouse click onBasic”.

To find (DAI) Dai, you'll need to insert the cointype (DAI) into the search box, which is highlighted in the image. Be certain of having selected the correct grouping, we have highlighted this too. Click onDAI/BTCto go on.

Step 4 – Buy (DAI) Dai

After you have discovered Dai (DAI), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are making our own Limit Order.

ThePricefield will be filled automatically with the up-to-date price Dai (DAI) was sold for. You can change this to your preferred rate. The field with theAmounttag is the amount of DAI you like to purchase. The field with theTotaltag is the aggregated price in Bitcoin that you'll pay for the whole amount of DAI.

When you are satisfied, click onBuy DAI”. Your plan will be filled when a Vender sells their DAI for the price you offered.

Step 5 – Withdraw (DAI) Dai

Unless you're frequently trading, never keep your coins on an Exchange for an longer period of time. In order to withdraw your (DAI) Dai, hover over the tab calledFundsand mouse click onWithdraw”. Dai (DAI) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are satisfied, clickSubmit”. You may be asked for verfication via email/phone before a withdrawal.

Congrats! You've successfully purchased and stored Dai (DAI) in Guyana.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Etherscan.io or Ethplorer.io and the Dai (DAI) is stored within your wallet, you're all done.