How to Buy Dai (DAI) in Belgium

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

Step 1 – Join Coinbase and recieve 10$ for free

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

Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Dai (DAI) is obtainable on Binance, so we will 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 Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate (DAI) Dai

Once your deposit has been approved, you will now have access to your finances and you can launch invest and trading. To purchase (DAI) Dai on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

To find (DAI) Dai, you'll need to put the short name of the asset (DAI) into the search box, which is marked in the graphic. Be certain of having selected the proper grouping, we have marked this also. Click on “DAI/BTC” to go ahead.

Step 4 – Buying (DAI) Dai

As soon as you've spotted Dai (DAI), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we're making our Limit Order.

The “Price” field will be automatically filled with the up-to-date tariff Dai (DAI) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of DAI you like to purchase. The “Total” field is the whole price in BTC that you'll pay for the whole volumen of DAI.

When you are glad, make a mouse click on “Buy DAI”. Your plan will be filled when a Vender trades their DAI for the price you gave.

Step 5 – Withdraw Dai (DAI)

Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time period. In order to take off your (DAI) Dai, hover over the “Funds” tab and click on “Withdraw”. (DAI) Dai can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully bought and safed Dai (DAI) in Belgium.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (DAI) Dai is safe within your wallet, you're done.