How to Buy Dai (DAI) in Mali

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

Step 1 – Join Coinbase – Get Free $10

You'll first need to purchase units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and receive your first $10.

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Dai (DAI) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you have chosen the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate Dai (DAI)

Once your deposit has been affirmed, you'll instantly have access to your assets and you can begin invest and trading. To buy (DAI) Dai on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

In order to find Dai (DAI), you'll need to put the short name of the asset (DAI) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “DAI/BTC” to progress.

Step 4 – Buying (DAI) Dai

Once you've discovered (DAI) Dai, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the up-to-date tariff (DAI) Dai was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of DAI you want to buy. The “Total” field is the aggregated price in BTC that you will settle for the complete amount of DAI.

When you're satisfied, click on “Buy DAI”. Your plan will be filled as soon as a Seller trades their DAI for the price you offered.

Step 5 – Withdraw (DAI) Dai

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an longer period of time. In order to take off your Dai (DAI), go to the “Funds” tab and mouse click on “Withdraw”. Dai (DAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the given drop-down box. Enter the quantity of Dai (DAI) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, click “Submit”. You could be asked for phone/email verification before a withdrawal.

Congrats! You've successfully bought and safed Dai (DAI) in Mali.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Dai (DAI) is stored in your wallet, you're finished.