A Step-by-Step-Guide on how to buy Dai (DAI) in Kyrgyzstan
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to buy one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and receive your first 10$.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Dai (DAI) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Dai (DAI) As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can initiate invest and trading. To purchase (DAI) Dai on Binance, you will want to go to the “Exchange” tab and click on “Basic”. In order to find (DAI) Dai, you'll need to insert the shortname of the coin (DAI) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we've marked this also. Click on “DAI/BTC” to continue.
Step 4 – Buy (DAI) Dai As soon as you've spotted (DAI) Dai, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are going to create our Limit Order. The field with the “Price” tag will be automatically filled with the latest valuation Dai (DAI) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of DAI you want to buy. The “Total” field is the aggregated price in BTC that you will pay for the complete volumen of DAI. When you're satisfied, make a mouse click on “Buy DAI”. Your plan will be filled when a Vendor sells their DAI for the price you offered.
Step 5 – Withdraw Dai (DAI) Unless you're trading, best advise is not to keep coins on an Exchange for an extensive time frame. To withdraw your (DAI) Dai, hover over the “Funds” tab and click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Dai (DAI) by using the given drop-down box. Drop in the amount of Dai (DAI) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you are happy, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.