How to Buy Dai (DAI) in Georgia

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

Step 1 – Join Coinbase and get 10$ for free

You'll first need to buy one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and receive your welcome 10$.

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Dai (DAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've chosen the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate Dai (DAI)

As soon as your deposit has been verified, you'll directly have access to your assets and you can commence invest and trading. To invest in (DAI) Dai on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find Dai (DAI), you'll need to insert the short name of the asset (DAI) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've highlighted this also. Click on “DAI/BTC” to go ahead.

Step 4 – Buying (DAI) Dai

After you have discovered Dai (DAI), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're creating our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date valuation (DAI) Dai was sold for. You can change this to your desired price. The “Amount” field is the volumen of DAI you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of DAI.

When you are satisfied, click on “Buy DAI”. Your plan will be filled when a Seller trades their DAI for the price you submitted.

Step 5 – Withdraw Dai (DAI)

Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extended time frame. In order to withdraw your Dai (DAI), hover over the tab called “Funds” and click on “Withdraw”. (DAI) Dai can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the provided drop-down box. Enter the quantity of (DAI) Dai you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

If you are satisfied, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congratulations! You have successfully bought and safed Dai (DAI) in Georgia.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Dai (DAI) is stored within your wallet, you're all done.