How to Buy Dai (DAI) in Namibia

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

Step 1 – Signup to Coinbase and get 10$ for free

You will first need to buy units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and to get your welcome 10 Dollar.

Step 2 – Transfer Your Funds to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Dai (DAI) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

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

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

Step 3 – Find Dai (DAI)

Once your deposit has been verified, you'll immediately have access to your funds and you can commence buying and trading. To buy Dai (DAI) on Binance, you'll want to go to the “Exchange” tab and mouse 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 marked in the graphic. Be certain of having selected the right grouping, we've highlighted this too. Click on “DAI/BTC” to proceed.

Step 4 – Buy (DAI) Dai

As soon as you have spotted (DAI) Dai, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we are creating our Limit Order.

The field with the “Price” tag will be automatically filled with the latest rate (DAI) Dai was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of DAI you want to purchase. The “Total” field is the total price in BTC that you'll pay for the complete amount of DAI.

When you are glad, make a mouse click on “Buy DAI”. Your plan will be filled as soon as a Seller sells their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

Unless you are trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your (DAI) Dai, go to the tab called “Funds” and mouse click on “Withdraw”. (DAI) Dai can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the given drop-down box. Put into the quantity of Dai (DAI) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

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

Congratulations! You have successfully bought and safed (DAI) Dai in Namibia.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (DAI) Dai is stored in your wallet, you're done.