How to Buy Dai (DAI) in Eritrea

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and getting your first $10.

Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has 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've chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find Dai (DAI)

As soon as your deposit has been affirmed, you'll instantly have access to your assets and you can launch buying and trading. To buy Dai (DAI) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To locate Dai (DAI), you will need to insert the cointype (DAI) into the search-box, which is marked in the graphic. Be certain of having selected the proper pairing, we have marked this also. Click on “DAI/BTC” to progress.

Step 4 – Purchasing Dai (DAI)

After you have located (DAI) Dai, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're going to make our own Limit Order.

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

If you're happy, make a mouse click on “Buy DAI”. Your plan will be filled as soon as a Vendor trades their DAI for the price you submitted.

Step 5 – Withdraw (DAI) Dai

Unless you are frequently trading, never keep your coins on an Crypto Trader for an longer time frame. In order 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, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the given drop-down box. Put into the volumen of (DAI) Dai you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

When you're glad, click “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Congratulations! You have successfully purchased and safed (DAI) Dai in Eritrea.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the Dai (DAI) is safe inside your wallet, you are done.