A Step-by-Step-Guide on how to buy Dai (DAI) in Gibraltar
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to purchase units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and to get your welcome 10 Dollar.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have 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 Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Dai (DAI) Once your deposit has been verified, you'll now have access to your assets and you can begin buying and trading. To buy Dai (DAI) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To locate Dai (DAI), you'll need to put the cointype (DAI) into the search-box, which is marked in the graphic. Make sure you have choosen the right grouping, we have highlighted this too. Click on “DAI/BTC” to advance.
Step 4 – Acquisition of Dai (DAI) After you've found (DAI) Dai, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent price Dai (DAI) was sold for. You can change this to your preferred price. The “Amount” field is the quantity of DAI you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole amount of DAI. When you're satisfied, make a mouse click on “Buy DAI”. Your plan will be filled when a Seller trades their DAI for the price you introduced.
Step 5 – Withdraw Dai (DAI) Unless you are regularly trading, never keep your crypto coins on an Exchange for an extended period of time. To withdraw your Dai (DAI), hover over the tab called “Funds” and mouse click on “Withdraw”. (DAI) Dai can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DAI) Dai by using the provided drop-down box. Enter the volumen of (DAI) Dai you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.