A Step-by-Step-Guide on how to buy Dai (DAI) in Fiji
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and to get your welcome 10$.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Dai (DAI) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find Dai (DAI) As soon as your deposit has been affirmed, you will now have access to your funds and you can launch invest and trading. To invest in (DAI) Dai on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. In order to find Dai (DAI), you'll need to put the cointype (DAI) into the search box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we have marked this too. Click on “DAI/BTC” to continue.
Step 4 – Buy (DAI) Dai Once you have located Dai (DAI), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're going to make our Limit Order. The “Price” field will be automatically filled with the up-to-date valuation (DAI) Dai was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of DAI you want to buy. The “Total” field is the total price in BTC that you will pay for the complete amount of DAI. If you're happy, 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 are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your (DAI) Dai, go to the tab called “Funds” and mouse click on “Withdraw”. Dai (DAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (DAI) Dai by using the provided drop-down box. Put into the quantity of Dai (DAI) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.