How to Buy Dai (DAI) in Egypt

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your welcome $10.

Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency 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 illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have selected the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Dai (DAI)

Once your deposit has been approved, you'll now have access to your finances and you can commence buying and trading. To buy (DAI) Dai on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

To spot Dai (DAI), you will need to insert the shortname of the coin (DAI) into the search box, which is marked in the image. Be certain of having choosen the proper grouping, we have marked this too. Click on “DAI/BTC” to advance.

Step 4 – Purchase (DAI) Dai

After you've located Dai (DAI), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we are creating our Limit Order.

The field with the “Price” tag will be filled with the up-to-date price Dai (DAI) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of DAI you like to buy. The “Total” field is the whole price in BTC that you'll pay for the complete quantity of DAI.

When you are glad, make a mouse click on “Buy DAI”. Your plan will be filled when a Seller trades their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

Unless you are trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. To withdraw your (DAI) Dai, go to the “Funds” tab and mouse click on “Withdraw”. (DAI) Dai can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the given drop-down box. Put into the volumen of Dai (DAI) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

If you're satisfied, click “Submit”. You could be requested for phone/email verification before a take off.

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

That's it!

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