How to Buy Dai (DAI) in Iran

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

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and getting your welcome 10 Dollar.

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

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Dai (DAI) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you have chosen the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find (DAI) Dai

Once your deposit has been confirmed, you'll immediately have access to your assets and you can begin buying and trading. To invest in Dai (DAI) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to locate (DAI) Dai, you'll need to put the shortname of the coin (DAI) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “DAI/BTC” to proceed.

Step 4 – Buying (DAI) Dai

Once you've located Dai (DAI), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're creating our own Limit Order.

The “Price” field will be automatically filled with the up-to-date tariff Dai (DAI) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of DAI you like to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete quantity of DAI.

When you are happy, make a mouse click on “Buy DAI”. Your order will be filled as soon as a Seller sells their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

Unless you are frequently trading, you should never keepyour crypto coins on an Exchange for an longer time frame. To take off your Dai (DAI), go to the “Funds” tab and mouse 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. Put into the volumen of Dai (DAI) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

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

Congrats! You have successfully purchased and safed (DAI) Dai in Iran.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the Dai (DAI) is safe inside your wallet, you are all done.