How to Buy Dai (DAI) in Yemen

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

Step 1 – Signup to CoinbaseGet Free $10

You will first need to purchase units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and receive your welcome $10.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Dai (DAI) is obtainable on Binance, so we will use that as an example. 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.

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

Step 3 – Locate (DAI) Dai

Once your deposit has been verified, you'll directly have access to your assets and you can start invest and trading. To purchase (DAI) Dai on Binance, you'll want to hover over the tab which is calledExchangeand then mouse click onBasic”.

In order to locate Dai (DAI), you'll need to insert the cointype (DAI) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we've highlighted this too. Click onDAI/BTCto continue.

Step 4 – Purchasing Dai (DAI)

After you've spotted (DAI) Dai, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order.

ThePricefield will be automatically filled with the most recent price (DAI) Dai was sold for. You can change this to your preferred rate. TheAmountfield is the amount of DAI you want to purchase. The field with theTotaltag is the total price in BTC that you'll settle for the complete amount of DAI.

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

Step 5 – Withdraw (DAI) Dai

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

Find Dai (DAI) by using the given drop-down box. Put into the quantity of (DAI) Dai you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

If you are happy, click onSubmit”. You could be asked for email/phone verification ahead of a take off.

Congratulations! You have successfully bought and safed Dai (DAI) in Yemen.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (DAI) Dai is stored within your wallet, you are all done.