How to Buy Dai (DAI) in Cameroon

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

Step 1 – Join Coinbase and get 10$ for free

You will first need to buy units of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome 10$.

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Dai (DAI) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find (DAI) Dai

Once your deposit has been approved, you'll now have access to your funds and you can launch invest and trading. To buy (DAI) Dai on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to find (DAI) Dai, you'll need to put the cointype (DAI) into the search-box, which is marked in the picture. Be certain of having choosen the correct pairing, we have marked this too. Click on “DAI/BTC” to progress.

Step 4 – Purchasing Dai (DAI)

Once you've spotted Dai (DAI), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are going to make our Limit Order.

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

If you're glad, make a mouse click on “Buy DAI”. Your plan will be filled when a Vender trades their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer period of time. To take off your Dai (DAI), go to the “Funds” tab and click on “Withdraw”. (DAI) Dai can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the given drop-down box. Drop in the amount of (DAI) Dai you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Congrats! You have successfully purchased and safed Dai (DAI) in Cameroon.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Dai (DAI) is stored inside your wallet, you are finished.