How to Buy Dai (DAI) in Colombia

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and to get your first 10 Dollar.

Step 2 – Transmit Your Funds to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

Make sure you have selected the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find (DAI) Dai

As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can initiate purchasing and trading. To invest in Dai (DAI) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

To spot (DAI) Dai, you will need to put the shortname of the coin (DAI) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “DAI/BTC” to go ahead.

Step 4 – Buy Dai (DAI)

Once you have found Dai (DAI), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're creating our Limit Order.

The “Price” field will be filled automatically with the recent valuation (DAI) Dai was sold for. This can be changed to your preferred price. The “Amount” field is the volumen of DAI you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of DAI.

When you are glad, make a mouse click on “Buy DAI”. Your order will be filled when a Seller sells their DAI for the price you gave.

Step 5 – Withdraw (DAI) Dai

Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extended time frame. 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)

Locate Dai (DAI) by using the provided drop-down box. Drop in the quantity of (DAI) Dai you'd like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you're satisfied, click “Submit”. You could be requested for verfication via phone/email before a take off.

Congratulations! You've successfully purchased and safed Dai (DAI) in Colombia.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Dai (DAI) is safe inside your wallet, you're finished.