How to Buy Dai (DAI) in Chile

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

Step 1 – Join Coinbase and get 10$ for free

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

Step 2 – Send Your Funds to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Dai (DAI) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide)

Make sure you've selected the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're dealing 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 affirmed, you'll instantly have access to your assets and you can launch invest and trading. To invest in Dai (DAI) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to locate Dai (DAI), you will need to insert the short name of the asset (DAI) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've marked this also. Click on “DAI/BTC” to go on.

Step 4 – Purchase (DAI) Dai

Once you have located Dai (DAI), you'll 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 creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price (DAI) Dai was traded for. This can be changed to your preferred rate. The “Amount” field is the amount of DAI you like to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the whole volumen of DAI.

If you are glad, make a mouse click on “Buy DAI”. Your order will be filled as soon as a Vendor sells their DAI for the price you gave.

Step 5 – Withdraw (DAI) Dai

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

Find Dai (DAI) by using the provided drop-down box. Drop in the volumen of Dai (DAI) you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

If you're happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Kudos! You have successfully bought and safed (DAI) Dai in Chile.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Dai (DAI) is stored in your wallet, you're finished.