How to Buy Dai (DAI) in Kenya

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

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first $10.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need 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 will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find (DAI) Dai

As soon as your deposit has been verified, you'll now have access to your finances and you can start buying and trading. To invest in (DAI) Dai on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover (DAI) Dai, you'll need to insert the short name of the asset (DAI) into the search-box, which is highlighted in the image. Be certain of having selected the right grouping, we've highlighted this also. Click on “DAI/BTC” to continue.

Step 4 – Purchase Dai (DAI)

After you have found Dai (DAI), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're going to make our own Limit Order.

The “Price” field will be filled automatically with the most up-to-date price (DAI) Dai was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of DAI you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete amount of DAI.

If you are glad, make a mouse click on “Buy DAI”. Your plan will be filled as soon as a Seller trades their DAI for the price you introduced.

Step 5 – Withdraw (DAI) Dai

Unless you're trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive period of time. To withdraw your Dai (DAI), go to the “Funds” tab and mouse click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the given drop-down box. Drop in the quantity of (DAI) Dai you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

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

Kudos! You have successfully bought and stored Dai (DAI) in Kenya.

That's it!

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