How to Buy Dai (DAI) in France

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

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

You will first need to buy units of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first $10.

Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange 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 funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you've chosen the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find Dai (DAI)

As soon as your deposit has been confirmed, you'll instantly have access to your assets and you can initiate purchasing and trading. To purchase (DAI) Dai on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to discover (DAI) Dai, you'll need to put the cointype (DAI) into the search-box, which is marked in the image. Be certain of having selected the correct pairing, we've highlighted this also. Click on “DAI/BTC” to go ahead.

Step 4 – Acquisition of (DAI) Dai

Once you've located Dai (DAI), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're creating our Limit Order.

The “Price” field will be filled automatically with the most up-to-date tariff (DAI) Dai was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of DAI you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole quantity of DAI.

If you're happy, click on “Buy DAI”. Your order will be filled as soon as a Vender sells their DAI for the price you submitted.

Step 5 – Withdraw (DAI) Dai

Unless you're trading, you should never keepyour crypto on an Exchange for an extended time period. To take off your Dai (DAI), hover over the “Funds” tab and mouse click on “Withdraw”. (DAI) Dai can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the given drop-down box. Drop in the volumen of Dai (DAI) you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

When you are glad, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.

Congratulations! You've successfully purchased and stored Dai (DAI) in France.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Dai (DAI) is safe within your wallet, you are finished.