A Step-by-Step-Guide on how to buy Dai (DAI) in Northern Mariana Islands
Step 1 – Join Coinbase – Get Free $10 You will first need to purchase units of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and to get your first 10 Dollar.
Step 2 – Transfer Your Funds to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Dai (DAI) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate (DAI) Dai Once your deposit has been affirmed, you'll directly have access to your assets and you can initiate buying and trading. To purchase Dai (DAI) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to discover (DAI) Dai, you'll need to insert the cointype (DAI) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we've highlighted this also. Click on “DAI/BTC” to go ahead.
Step 4 – Acquisition of (DAI) Dai Once you've found (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 going to create our own Limit Order. The “Price” field will be automatically filled with the most latest price Dai (DAI) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of DAI you want to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete amount of DAI. When you're satisfied, click on “Buy DAI”. Your order will be filled as soon as a Seller sells their DAI for the price you submitted.
Step 5 – Withdraw (DAI) Dai Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your (DAI) Dai, go to the tab called “Funds” and click on “Withdraw”. Dai (DAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DAI) Dai by using the given drop-down box. Enter the volumen of Dai (DAI) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.