How to Buy Dai (DAI) in Central African Republic

A Step-by-Step-Guide on how to buy Dai (DAI) in Central African Republic

Step 1 – Join Coinbase – Get Free $10

In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and to get your first 10 Dollar.

Step 2 – Transmit Your Funds to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Dai (DAI) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you've chosen the right coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate (DAI) Dai

Once your deposit has been confirmed, you'll now have access to your assets and you can initiate invest and trading. To buy Dai (DAI) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to find (DAI) Dai, you'll need to insert the short name of the asset (DAI) into the search box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we've highlighted this also. Click on “DAI/BTC” to go on.

Step 4 – Purchase (DAI) Dai

Once you've located Dai (DAI), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are going to create our Limit Order.

The “Price” field will be automatically filled with the most up-to-date tariff (DAI) Dai was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of DAI you like to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of DAI.

When you're happy, make a mouse click on “Buy DAI”. Your plan will be filled as soon as a Vender trades their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

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

Find Dai (DAI) by using the given drop-down box. Put into the amount of (DAI) Dai you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address.

When you are happy, click on “Submit”. You may be asked for email/phone verification before a take off.

Congrats! You've successfully purchased and stored Dai (DAI) in Central African Republic.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the Dai (DAI) is stored in your wallet, you are done.