How to Buy Dai (DAI) in Guinea

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

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

In the beginning you'll need to buy units of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting your welcome $10.

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Dai (DAI) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find Dai (DAI)

Once your deposit has been confirmed, you'll immediately have access to your assets and you can commence purchasing and trading. To buy Dai (DAI) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To spot Dai (DAI), you will need to insert the shortname of the coin (DAI) into the search-box, which is marked in the picture. Be certain of having selected the proper pairing, we've marked this too. Click on “DAI/BTC” to advance.

Step 4 – Buy (DAI) Dai

After you have located (DAI) Dai, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are creating our own Limit Order.

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

If you're happy, click on “Buy DAI”. Your order will be filled when a Vender trades their DAI for the price you submitted.

Step 5 – Withdraw (DAI) Dai

Unless you're regularly trading, best advise is not to keep your crypto coins on an Exchange for an longer period of time. In order to withdraw your Dai (DAI), go to the “Funds” tab and mouse click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the given drop-down box. Put into the amount of Dai (DAI) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you're glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a take off.

Congratulations! You've successfully bought and stored (DAI) Dai in Guinea.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Dai (DAI) is stored in your wallet, you are done.