How to Buy Dai (DAI) in Bhutan

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

Step 1 – Join Coinbase and recieve 10$ for free

You will first need to purchase one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and getting your welcome 10$.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an 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 sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have selected the correct coin you want to deposit.

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

Step 3 – Locate (DAI) Dai

As soon as your deposit has been confirmed, you will directly have access to your finances and you can start invest and trading. To purchase Dai (DAI) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To locate Dai (DAI), you'll need to put the cointype (DAI) into the search-box, which is highlighted in the picture. Be certain of having selected the right grouping, we have marked this too. Click on “DAI/BTC” to progress.

Step 4 – Purchasing (DAI) Dai

As soon as you've located Dai (DAI), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're making our own Limit Order.

The field with the “Price” tag will be filled with the most recent valuation (DAI) Dai was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of DAI you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole quantity of DAI.

When you're glad, click on “Buy DAI”. Your order will be filled as soon as a Seller sells their DAI for the price you submitted.

Step 5 – Withdraw (DAI) Dai

Unless you are frequently trading, never keep your crypto coins on an 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 safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the given drop-down box. Enter the volumen of (DAI) Dai you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.

Kudos! You've successfully bought and stored (DAI) Dai in Bhutan.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (DAI) Dai is safe inside your wallet, you're all done.