How to Buy Dai (DAI) in Djibouti

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome 10 Dollar.

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

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

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate (DAI) Dai

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

In order to discover Dai (DAI), you'll need to put the short name of the asset (DAI) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “DAI/BTC” to proceed.

Step 4 – Purchase Dai (DAI)

As soon as you've located (DAI) Dai, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're making our Limit Order.

The field with the “Price” tag will be filled with the recent valuation (DAI) Dai was sold for. You can change this to your desired rate. The “Amount” field is the amount of DAI you like to purchase. The “Total” field is the total price in BTC that you will pay for the complete amount of DAI.

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

Step 5 – Withdraw Dai (DAI)

Unless you're trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your (DAI) Dai, hover over the “Funds” tab and click on “Withdraw”. Dai (DAI) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.

Kudos! You've successfully bought and safed (DAI) Dai in Djibouti.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the Dai (DAI) is safe inside your wallet, you are done.