How to Buy Dai (DAI) in Costa Rica

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and getting your welcome $10.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange 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 Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate Dai (DAI)

Once your deposit has been confirmed, you will directly have access to your funds and you can commence buying and trading. To purchase Dai (DAI) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To spot Dai (DAI), you'll need to insert the cointype (DAI) into the search box, which is highlighted in the graphic. Be certain of having selected the right grouping, we've marked this too. Click on “DAI/BTC” to advance.

Step 4 – Acquisition of (DAI) Dai

As soon as you've discovered (DAI) Dai, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are making our own Limit Order.

The field with the “Price” tag will be filled with the latest rate (DAI) Dai was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of DAI you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete amount of DAI.

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

Step 5 – Withdraw Dai (DAI)

Unless you are trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your (DAI) Dai, hover over the tab called “Funds” and click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the provided drop-down box. Enter the quantity of (DAI) Dai you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

If you're satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.

Congrats! You have successfully bought and stored Dai (DAI) in Costa Rica.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the (DAI) Dai is safe in your wallet, you're done.