A Step-by-Step-Guide on how to buy Dai (DAI) in Belize
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and getting your welcome 10$.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Dai (DAI) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find (DAI) Dai Once your deposit has been approved, you will directly have access to your funds and you can begin invest and trading. To purchase Dai (DAI) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”. To find Dai (DAI), you'll need to insert the cointype (DAI) into the search-box, which is highlighted in the picture. Make sure you have selected the right grouping, we've highlighted this also. Click on “DAI/BTC” to advance.
Step 4 – Buy (DAI) Dai As soon as you have located Dai (DAI), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to make our Limit Order. The field with the “Price” tag will be automatically filled with the most recent price (DAI) Dai was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of DAI you want to purchase. The “Total” field is the total price in BTC that you will settle for the complete amount of DAI. When you're satisfied, click on “Buy DAI”. Your order will be filled as soon as a Vendor sells their DAI for the price you introduced.
Step 5 – Withdraw Dai (DAI) Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an longer period of time. In order to withdraw your Dai (DAI), hover over the tab called “Funds” and click on “Withdraw”. (DAI) Dai can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DAI) Dai by using the provided drop-down box. Put into the amount of (DAI) Dai you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you are satisfied, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.