How to Buy Dai (DAI) in Indonesia

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

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and getting your first $10.

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Dai (DAI) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you have chosen the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find Dai (DAI)

Once your deposit has been confirmed, you will instantly have access to your assets and you can initiate invest and trading. To buy Dai (DAI) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To discover (DAI) Dai, you will need to put the shortname of the coin (DAI) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we've marked this too. Click on “DAI/BTC” to continue.

Step 4 – Buying (DAI) Dai

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

The field with the “Price” tag will be filled with the most recent tariff (DAI) Dai was sold for. You can change this to your favoured rate. The “Amount” field is the volumen of DAI you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of DAI.

If you are happy, make a mouse click on “Buy DAI”. Your plan will be filled when a Vendor trades their DAI for the price you introduced.

Step 5 – Withdraw (DAI) Dai

Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Trader for an longer period of time. In order to take off your Dai (DAI), go to the tab called “Funds” and click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the provided drop-down box. Enter the volumen of Dai (DAI) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

If you are glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.

Congrats! You've successfully purchased and safed Dai (DAI) in Indonesia.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the (DAI) Dai is safe in your wallet, you are done.