A Step-by-Step-Guide on how to buy Dai (DAI) in Guinea-Bissau
Step 1 – Join Coinbase – Get Free $10 You will first need to purchase units of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and receive your welcome $10.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Dai (DAI) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate (DAI) Dai Once your deposit has been approved, you will directly have access to your assets and you can launch invest and trading. To invest in Dai (DAI) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”. In order to find (DAI) Dai, you'll need to insert the cointype (DAI) into the search-box, which is highlighted in the image. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “DAI/BTC” to advance.
Step 4 – Purchase (DAI) Dai Once you've found Dai (DAI), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date price Dai (DAI) was traded for. This can be changed to your desired price. The “Amount” field is the amount of DAI you wish to purchase. The “Total” field is the aggregated price in BTC that you will pay for the whole quantity of DAI. When you're glad, click on “Buy DAI”. Your plan will be filled when a Seller trades their DAI for the price you offered.
Step 5 – Withdraw Dai (DAI) Unless you are trading, never keep your crypto on an Crypto Exchange for an extensive time period. To withdraw your (DAI) Dai, hover over the “Funds” tab and 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. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.