How to Buy Dai (DAI) in Honduras

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

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

You will first need to buy units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and receive your first 10 Dollar.

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. Every exchange has a deposit form that is identical. Dai (DAI) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate Dai (DAI)

As soon as your deposit has been affirmed, you will immediately have access to your assets and you can begin invest and trading. To invest in Dai (DAI) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”.

To find (DAI) Dai, you will need to put the shortname of the coin (DAI) into the search box, which is highlighted in the graphic. Make sure you have selected the right pairing, we've highlighted this also. Click on “DAI/BTC” to go on.

Step 4 – Acquisition of (DAI) Dai

Once you have located (DAI) Dai, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're going to make our Limit Order.

The “Price” field will be automatically filled with the recent rate (DAI) Dai was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of DAI you want 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 are happy, make a mouse click on “Buy DAI”. Your order will be filled when a Vender trades their DAI for the price you offered.

Step 5 – Withdraw (DAI) Dai

Unless you are trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time frame. To take off your Dai (DAI), hover over the tab called “Funds” and mouse click on “Withdraw”. (DAI) Dai can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the given drop-down box. Drop in the volumen of Dai (DAI) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you're happy, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Congrats! You have successfully bought and safed Dai (DAI) in Honduras.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (DAI) Dai is safe inside your wallet, you're all done.