How to Buy Dai (DAI) in Cuba

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

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and getting your first 10$.

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Dai (DAI) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have selected the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Find Dai (DAI)

Once your deposit has been approved, you'll directly have access to your assets and you can start purchasing and trading. To invest in (DAI) Dai on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

To spot (DAI) Dai, you'll need to put the shortname of the coin (DAI) into the search box, which is marked in the graphic. Be certain of having selected the correct pairing, we have marked this also. Click on “DAI/BTC” to proceed.

Step 4 – Purchasing (DAI) Dai

After you've spotted Dai (DAI), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we're creating our Limit Order.

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

When you are happy, click on “Buy DAI”. Your order will be filled as soon as a Seller sells their DAI for the price you submitted.

Step 5 – Withdraw Dai (DAI)

Unless you're frequently trading, best advise is not to keep your coins on an Crypto Exchange for an longer time period. In order to withdraw your (DAI) Dai, hover over the “Funds” tab and mouse click on “Withdraw”. Dai (DAI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're glad, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Kudos! You've successfully bought and stored (DAI) Dai in Cuba.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (DAI) Dai is safe inside your wallet, you are all done.