How to Buy Dai (DAI) in Falkland Islands (Islas Malvinas)

A Step-by-Step-Guide on how to buy Dai (DAI) in Falkland Islands (Islas Malvinas)

Step 1 – Signup to Coinbase and recieve 10$ for free

You'll first need to buy one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome 10 Dollar.

Step 2 – Transfer Your Funds to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Dai (DAI) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find Dai (DAI)

As soon as your deposit has been approved, you'll now have access to your funds and you can launch purchasing and trading. To purchase Dai (DAI) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to locate Dai (DAI), you'll need to insert the shortname of the coin (DAI) into the search box, which is highlighted in the picture. Be certain of having selected the proper grouping, we have highlighted this too. Click on “DAI/BTC” to progress.

Step 4 – Acquisition of Dai (DAI)

Once you have found (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). And now we are going to create our own Limit Order.

The “Price” field will be automatically filled with the up-to-date price Dai (DAI) was sold for. This can be changed to your favoured rate. The “Amount” field is the volumen of DAI you like to buy. The “Total” field is the whole price in Bitcoin that you'll pay for the whole amount of DAI.

When 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 offered.

Step 5 – Withdraw (DAI) Dai

Unless you're trading, never keep your crypto coins on an Exchange for an extensive time period. To take off your (DAI) Dai, go to the “Funds” tab and click on “Withdraw”. (DAI) Dai can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the provided drop-down box. Drop in the amount of Dai (DAI) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you are satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Kudos! You have successfully bought and stored (DAI) Dai in Falkland Islands (Islas Malvinas).

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (DAI) Dai is safe in your wallet, you're done.