How to Buy Dai (DAI) in Kuwait

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

Step 1 – Join Coinbase and get 10$ for free

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

Step 2 – Send Your Funds to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Dai (DAI) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

Make sure you have selected the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate (DAI) Dai

As soon as your deposit has been confirmed, you'll directly 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 mouse click on “Basic”.

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

Step 4 – Purchase (DAI) Dai

After you've discovered (DAI) Dai, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are creating our own Limit Order.

The “Price” field will be filled automatically with the most up-to-date tariff Dai (DAI) was traded for. You can change this to your desired rate. The “Amount” field is the volumen of DAI you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete quantity of DAI.

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

Step 5 – Withdraw Dai (DAI)

Unless you're frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended time period. In order to take off your (DAI) Dai, hover over the tab called “Funds” and mouse click on “Withdraw”. Dai (DAI) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the given drop-down box. Put into the volumen of Dai (DAI) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you are happy, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Kudos! You have successfully purchased and stored (DAI) Dai in Kuwait.

That's it!

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