A Step-by-Step-Guide on how to buy Dai (DAI) in Czechia
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and receive your first 10 Dollar.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Dai (DAI) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Dai (DAI) Once your deposit has been affirmed, you'll immediately have access to your funds and you can initiate buying and trading. To buy (DAI) Dai on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. To locate (DAI) Dai, you'll need to insert the short name of the asset (DAI) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we have marked this too. Click on “DAI/BTC” to continue.
Step 4 – Acquisition of (DAI) Dai As soon as you have located Dai (DAI), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are making our Limit Order. The “Price” field will be filled with the most recent valuation (DAI) Dai was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of DAI you like to purchase. The “Total” field is the total price in Bitcoin that you will pay for the whole quantity of DAI. When you are satisfied, make a mouse click on “Buy DAI”. Your plan will be filled when a Seller trades their DAI for the price you introduced.
Step 5 – Withdraw (DAI) Dai Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an extended time period. To take off your Dai (DAI), go to the “Funds” tab and mouse click on “Withdraw”. (DAI) Dai can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (DAI) Dai by using the provided drop-down box. Put into the amount of Dai (DAI) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You could be requested for phone/email verification before a take off.