How to Buy Dai (DAI) in Bulgaria

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and to get your first 10$.

Step 2 – Transfer Your Funds to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate (DAI) Dai

As soon as your deposit has been affirmed, you'll instantly have access to your assets and you can initiate buying 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 spot Dai (DAI), you'll need to insert the cointype (DAI) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we have highlighted this too. Click on “DAI/BTC” to go ahead.

Step 4 – Buy (DAI) Dai

As soon as you have located Dai (DAI), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are making our Limit Order.

The field with the “Price” tag will be automatically filled with the recent valuation (DAI) Dai was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of DAI you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete amount of DAI.

If you're satisfied, make a mouse click on “Buy DAI”. Your plan will be filled as soon as a Vendor trades their DAI for the price you submitted.

Step 5 – Withdraw Dai (DAI)

Unless you're frequently trading, you should never keepyour coins on an Exchange for an extended time period. In order to withdraw your (DAI) Dai, hover over the tab called “Funds” and mouse click on “Withdraw”. (DAI) Dai can be safely stored 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 presented fees/minimums. Also make sure you have filled your precise withdraw address.

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

Kudos! You have successfully purchased and stored Dai (DAI) in Bulgaria.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (DAI) Dai is safe in your wallet, you're done.