How to Buy Dai (DAI) in Hungary

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and receive your first $10.

Step 2 – Transmit Your Funds to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Dai (DAI) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find Dai (DAI)

As soon as your deposit has been affirmed, you'll directly have access to your funds and you can commence buying and trading. To buy Dai (DAI) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To discover (DAI) Dai, you'll need to put the short name of the asset (DAI) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we've highlighted this also. Click on “DAI/BTC” to go on.

Step 4 – Acquisition of (DAI) Dai

After you've located Dai (DAI), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're making our Limit Order.

The “Price” field will be automatically filled with the most recent valuation Dai (DAI) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of DAI you want to purchase. The “Total” field is the total price in Bitcoin that you'll pay for the complete volumen of DAI.

If you're glad, make a mouse click on “Buy DAI”. Your plan will be filled when a Vender trades their DAI for the price you gave.

Step 5 – Withdraw Dai (DAI)

Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended time period. To take off your (DAI) Dai, go to the “Funds” tab and click on “Withdraw”. Dai (DAI) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the provided drop-down box. Enter the volumen of (DAI) Dai you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

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

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

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the Dai (DAI) is safe within your wallet, you're all done.