How to Buy Dai (DAI) in Oman

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

Step 1 – Signup to CoinbaseGet Free $10

You'll first need to purchase units of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and receive your first $10.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Dai (DAI) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

Make sure you've chosen the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find (DAI) Dai

As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can start invest and trading. To purchase (DAI) Dai on Binance, you'll want to hover over theExchangetab and after that click onBasic”.

In order to find Dai (DAI), you'll 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 grouping, we have highlighted this also. Click onDAI/BTCto proceed.

Step 4 – Acquisition of (DAI) Dai

After you have found (DAI) Dai, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're making our Limit Order.

The field with thePricetag will be filled automatically with the most latest rate (DAI) Dai was sold for. This can be changed to your preferred rate. The field with theAmounttag is the quantity of DAI you like to buy. TheTotalfield is the total price in BTC that you will settle for the complete volumen of DAI.

When you're happy, make a mouse click onBuy DAI”. Your order will be filled as soon as a Vendor trades their DAI for the price you gave.

Step 5 – Withdraw Dai (DAI)

Unless you're regularly trading, best advise is not to keep your coins on an Crypto Trader for an extended time frame. To withdraw your (DAI) Dai, go to the tab calledFundsand click onWithdraw”. Dai (DAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the provided drop-down box. Drop in the volumen of Dai (DAI) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address.

If you are satisfied, make a mouse click onSubmit”. You may be requested for verfication via email/phone before a take off.

Kudos! You have successfully bought and stored Dai (DAI) in Oman.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the (DAI) Dai is safe inside your wallet, you're all done.