A Step-by-Step-Guide on how to buy Dai (DAI) in Algeria
Step 1 – Join Coinbase – Get Free $10 You will first need to purchase units of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and receive your first 10$.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Dai (DAI) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate Dai (DAI) As soon as your deposit has been confirmed, you will instantly have access to your funds and you can start purchasing and trading. To purchase Dai (DAI) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To discover Dai (DAI), you'll need to insert the short name of the asset (DAI) into the search box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we've marked this too. Click on “DAI/BTC” to go ahead.
Step 4 – Purchasing Dai (DAI) As soon as you've located Dai (DAI), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're creating our own Limit Order. The “Price” field will be filled with the most up-to-date rate Dai (DAI) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of DAI you wish to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of DAI. When you are satisfied, make a mouse click on “Buy DAI”. Your plan will be filled as soon as a Vender sells their DAI for the price you introduced.
Step 5 – Withdraw Dai (DAI) Unless you are regularly trading, you should never keepyour coins on an Crypto Exchange for an longer period of time. To withdraw your (DAI) Dai, go to the “Funds” tab and mouse click on “Withdraw”. (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. Put into the amount of Dai (DAI) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you're satisfied, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.