How to Buy Dai (DAI) in Ghana

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first 10 Dollar.

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

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

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find Dai (DAI)

Once your deposit has been approved, you will directly have access to your funds and you can initiate buying and trading. To invest in Dai (DAI) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to locate Dai (DAI), you'll need to put the shortname of the coin (DAI) into the search box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have marked this too. Click on “DAI/BTC” to advance.

Step 4 – Buy (DAI) Dai

After you have found Dai (DAI), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to make our Limit Order.

The “Price” field will be filled automatically with the most recent valuation (DAI) Dai was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of DAI you wish to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole volumen of DAI.

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

Step 5 – Withdraw (DAI) Dai

Unless you are trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. In order to take off your Dai (DAI), go to the “Funds” tab and click on “Withdraw”. (DAI) Dai can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the given drop-down box. Enter the volumen of (DAI) Dai you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

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

Congratulations! You have successfully purchased and stored (DAI) Dai in Ghana.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Dai (DAI) is safe inside your wallet, you are done.