How to Buy Dai (DAI) in United Kingdom

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

Step 1 – Join CoinbaseGet Free $10

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

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Dai (DAI) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find Dai (DAI)

Once your deposit has been verified, you will now have access to your finances and you can begin purchasing and trading. To purchase (DAI) Dai on Binance, you'll want to hover over theExchangetab and after that mouse click onBasic”.

To find (DAI) Dai, you'll 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 correct grouping, we have highlighted this too. 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 picture). And now we are going to create our Limit Order.

The field with thePricetag will be filled with the up-to-date price Dai (DAI) was traded for. This can be changed to your preferred price. TheAmountfield is the volumen of DAI you wish to buy. The field with theTotaltag is the whole price in Bitcoin that you will settle for the complete amount of DAI.

When you're happy, click onBuy DAI”. Your plan will be filled when a Seller trades their DAI for the price you introduced.

Step 5 – Withdraw Dai (DAI)

Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an longer period of time. To withdraw your Dai (DAI), hover over the tab calledFundsand mouse click onWithdraw”. Dai (DAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're happy, click onSubmit”. You may be requested for email/phone verification before a withdrawal.

Congratulations! You've successfully purchased and stored Dai (DAI) in United Kingdom.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Ethplorer.io or Etherscan.io and the Dai (DAI) is stored inside your wallet, you're finished.