How to Buy Dai (DAI) in Liechtenstein

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

Step 1 – Join Coinbase – Get Free $10

In the beginning you'll need to buy 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 to get your welcome $10.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Dai (DAI) is obtainable 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 guide)

Make sure you have selected the precise coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate (DAI) Dai

Once your deposit has been verified, you'll instantly have access to your finances and you can begin buying and trading. To invest in (DAI) Dai on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to spot (DAI) Dai, you will need to insert the shortname of the coin (DAI) into the search box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we've marked this also. Click on “DAI/BTC” to continue.

Step 4 – Buy (DAI) Dai

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

The field with the “Price” tag will be filled automatically with the most recent rate (DAI) Dai was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of DAI you want to purchase. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete volumen of DAI.

If you're satisfied, make a mouse click on “Buy DAI”. Your plan will be filled as soon as a Vendor trades their DAI for the price you submitted.

Step 5 – Withdraw Dai (DAI)

Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Trader for an extensive period of time. To take off your Dai (DAI), hover over the “Funds” tab 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. Drop in the volumen of (DAI) Dai you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you are glad, click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.

Congratulations! You've successfully purchased and safed Dai (DAI) in Liechtenstein.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have proved your take off using Etherscan.io or Ethplorer.io and the Dai (DAI) is stored in your wallet, you're finished.