How to Buy Dai (DAI) in Dominican Republic

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

Step 1 – Join Coinbase and recieve 10$ for free

You will first need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and to get your first 10$.

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Dai (DAI) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you have chosen the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate Dai (DAI)

Once your deposit has been confirmed, you'll now have access to your finances and you can launch invest and trading. To invest in Dai (DAI) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

To find Dai (DAI), you will need to put the short name of the asset (DAI) into the search box, which is marked in the image. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “DAI/BTC” to proceed.

Step 4 – Purchasing (DAI) Dai

After you've located (DAI) Dai, you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest tariff (DAI) Dai was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of DAI you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of DAI.

When you're satisfied, make a mouse click on “Buy DAI”. Your order will be filled as soon as a Vender trades their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

Unless you're regularly trading, best advise is not to keep crypto on an Exchange for an extensive time period. In order to take off your Dai (DAI), hover over the “Funds” tab and 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. Enter the amount of Dai (DAI) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you're glad, click “Submit”. You could be asked for phone/email verification before a take off.

Congrats! You've successfully purchased and safed Dai (DAI) in Dominican Republic.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have proved your take off with Ethplorer.io or Etherscan.io and the (DAI) Dai is stored within your wallet, you're finished.