How to Buy Dai (DAI) in Panama

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

Step 1 – Join Coinbase and recieve 10$ for free

You will first need to buy units of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and receive your first 10 Dollar.

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

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Dai (DAI) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you've selected the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find (DAI) Dai

As soon as your deposit has been confirmed, you will now have access to your funds and you can initiate purchasing and trading. To invest in (DAI) Dai on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

In order to find (DAI) Dai, you will need to insert the cointype (DAI) into the search box, which is marked in the image. Be certain of having selected the correct pairing, we have marked this too. Click on “DAI/BTC” to go on.

Step 4 – Acquisition of Dai (DAI)

As soon as you've located Dai (DAI), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are making our Limit Order.

The field with the “Price” tag will be filled with the up-to-date valuation Dai (DAI) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of DAI you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole amount of DAI.

If you're satisfied, click on “Buy DAI”. Your plan will be filled when a Vender trades their DAI for the price you introduced.

Step 5 – Withdraw Dai (DAI)

Unless you're regularly trading, never keep your crypto coins on an Exchange for an extensive period of time. In order to withdraw your (DAI) Dai, hover over the “Funds” tab and click on “Withdraw”. (DAI) Dai can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the provided drop-down box. Enter the volumen of (DAI) Dai you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address.

If you're satisfied, click “Submit”. You could be requested for verfication via email/phone before a withdrawal.

Kudos! You've successfully bought and safed (DAI) Dai in Panama.

That's it!

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