How to Buy Dai (DAI) in Chad

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and getting your welcome 10 Dollar.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Dai (DAI) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you've selected the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate Dai (DAI)

Once your deposit has been approved, you'll now have access to your finances and you can start invest and trading. To invest in (DAI) Dai on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to discover (DAI) Dai, you'll need to put the cointype (DAI) into the search-box, which is marked in the picture. Be certain of having selected the proper grouping, we have marked this also. Click on “DAI/BTC” to continue.

Step 4 – Buy Dai (DAI)

After you've spotted (DAI) Dai, you'll be presented with a Price Chart (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 automatically filled with the most recent rate (DAI) Dai was sold for. You can change this to your preferred price. The “Amount” field is the volumen of DAI you wish to buy. The “Total” field is the total price in Bitcoin that you'll settle for the complete quantity of DAI.

If you're happy, click on “Buy DAI”. Your order will be filled as soon as a Vendor trades their DAI for the price you introduced.

Step 5 – Withdraw Dai (DAI)

Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extensive time frame. To take off your Dai (DAI), go to the “Funds” tab and mouse click on “Withdraw”. Dai (DAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the provided drop-down box. Enter the amount of (DAI) Dai you would wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

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

Congratulations! You've successfully purchased and stored Dai (DAI) in Chad.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the Dai (DAI) is safe within your wallet, you're finished.