How to Buy Dai (DAI) in Hong Kong

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to purchase one of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome $10.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you have selected the right coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate (DAI) Dai

As soon as your deposit has been approved, you'll immediately have access to your assets and you can commence 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”.

In order to locate Dai (DAI), you will need to put the cointype (DAI) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've highlighted this also. Click on “DAI/BTC” to advance.

Step 4 – Buying Dai (DAI)

Once you've discovered Dai (DAI), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are making our Limit Order.

The field with the “Price” tag will be automatically filled with the most latest rate (DAI) Dai was sold for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of DAI you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete amount of DAI.

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

Step 5 – Withdraw (DAI) Dai

Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extended period of time. To withdraw your Dai (DAI), go to the “Funds” tab and click on “Withdraw”. (DAI) Dai can be securely 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 would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.

Congrats! You've successfully bought and stored Dai (DAI) in Hong Kong.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the Dai (DAI) is safe in your wallet, you're done.