How to Buy Dai (DAI) in Lesotho

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

Step 1 – Join Coinbase and recieve 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 Altcoins. Follow the Link below for registration and to get your first 10 Dollar.

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

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Dai (DAI) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate Dai (DAI)

Once your deposit has been approved, you will instantly have access to your assets and you can commence purchasing and trading. To buy (DAI) Dai on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

To find (DAI) Dai, you'll need to insert the short name of the asset (DAI) into the search-box, which is highlighted in the image. Make sure you have selected the correct grouping, we have marked this too. Click on “DAI/BTC” to advance.

Step 4 – Purchasing Dai (DAI)

As soon as you've spotted Dai (DAI), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the recent price (DAI) Dai was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of DAI you like to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole amount of DAI.

If you're happy, click on “Buy DAI”. Your order will be filled as soon as a Vendor trades their DAI for the price you gave.

Step 5 – Withdraw (DAI) Dai

Unless you're regularly trading, never keep your crypto coins on an Exchange for an extended time frame. To withdraw your (DAI) Dai, go to the tab called “Funds” and mouse click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the provided drop-down box. Enter the amount of (DAI) Dai you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

If you're satisfied, click on “Submit”. You could be requested for phone/email verification before a take off.

Congratulations! You have successfully bought and stored Dai (DAI) in Lesotho.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (DAI) Dai is safe in your wallet, you're finished.