How to Buy Dai (DAI) in Guatemala

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

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

You will first need to purchase units of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and getting your first 10 Dollar.

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Dai (DAI) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate (DAI) Dai

As soon as your deposit has been approved, you will now have access to your funds and you can initiate purchasing and trading. To purchase Dai (DAI) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To find (DAI) Dai, you will need to put the cointype (DAI) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we have marked this too. Click on “DAI/BTC” to progress.

Step 4 – Purchase (DAI) Dai

As soon as you have found Dai (DAI), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're creating our Limit Order.

The “Price” field will be filled with the up-to-date valuation (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 wish to purchase. The “Total” field is the whole price in BTC that you will settle for the whole amount of DAI.

When you are glad, click on “Buy DAI”. Your order will be filled as soon as a Seller sells their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

Unless you are frequently trading, you should never keepyour coins on an Crypto Exchange for an extensive time frame. In order to withdraw your Dai (DAI), hover over the tab called “Funds” and mouse click on “Withdraw”. (DAI) Dai can be safely stored 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 like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address.

When you're glad, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.

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

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Dai (DAI) is stored in your wallet, you're finished.