How to Buy Dai (DAI) in Côte D’Ivoire

A Step-by-Step-Guide on how to buy Dai (DAI) in Côte D’Ivoire

Step 1 – Join Coinbase – Get Free $10

In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome $10.

Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto 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. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual)

Make sure you have chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find (DAI) Dai

As soon as your deposit has been verified, you'll now have access to your assets and you can start purchasing and trading. To buy Dai (DAI) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

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

Step 4 – Purchasing (DAI) Dai

As soon as you've found Dai (DAI), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we're making our Limit Order.

The “Price” field will be filled automatically with the most recent rate (DAI) Dai was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of DAI you wish to buy. The “Total” field is the aggregated price in BTC that you'll pay for the whole amount of DAI.

When you are happy, 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 are regularly trading, best advise is not to keep coins on an Exchange for an extensive time frame. To withdraw your Dai (DAI), go to the “Funds” tab and mouse click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Kudos! You have successfully bought and safed (DAI) Dai in Côte D’Ivoire.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the (DAI) Dai is stored in your wallet, you're finished.