How to Buy Dai (DAI) in Estonia

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

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and receive your first $10.

Step 2 – Transfer Your Funds to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto 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 Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you've chosen the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find Dai (DAI)

Once your deposit has been approved, you will now have access to your assets and you can launch invest and trading. To buy (DAI) Dai on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover Dai (DAI), you'll need to insert the cointype (DAI) into the search box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked this also. Click on “DAI/BTC” to go ahead.

Step 4 – Acquisition of (DAI) Dai

After you've discovered Dai (DAI), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our Limit Order.

The “Price” field will be filled with the up-to-date tariff Dai (DAI) was sold for. You can change this 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 BTC that you'll settle for the whole volumen of DAI.

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

Step 5 – Withdraw (DAI) Dai

Unless you're trading, never keep your coins on an Cryptocurrency Exchange for an longer time period. To withdraw your Dai (DAI), go to the tab called “Funds” and click on “Withdraw”. (DAI) Dai can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the provided drop-down box. Put into the quantity of (DAI) Dai you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

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

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the (DAI) Dai is stored inside your wallet, you're finished.