How to Buy Dai (DAI) in Iraq

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and getting your first 10 Dollar.

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Dai (DAI) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate (DAI) Dai

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

In order to spot Dai (DAI), you'll need to insert the shortname of the coin (DAI) into the search-box, which is highlighted in the picture. Make sure you have selected the right grouping, we've highlighted this too. Click on “DAI/BTC” to continue.

Step 4 – Purchasing Dai (DAI)

Once you have spotted Dai (DAI), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're making our Limit Order.

The “Price” field will be filled with the most up-to-date valuation Dai (DAI) was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of DAI you like to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the whole volumen of DAI.

When you're glad, click on “Buy DAI”. Your order will be filled when a Vender sells their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

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

Locate Dai (DAI) by using the provided drop-down box. Enter the quantity of (DAI) Dai you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you are happy, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.

Congratulations! You have successfully purchased and safed (DAI) Dai in Iraq.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (DAI) Dai is stored inside your wallet, you are finished.