How to Buy Dai (DAI) in Saint Kitts And Nevis

A Step-by-Step-Guide on how to buy Dai (DAI) in Saint Kitts And Nevis

Step 1 – Join Coinbase and get 10$ for free

You will first need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and getting your first 10$.

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

Your Ethereum or Bitcoin 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 will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find Dai (DAI)

Once your deposit has been approved, you'll immediately have access to your assets and you can initiate invest and trading. To buy Dai (DAI) on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”.

To find (DAI) Dai, you will need to insert the cointype (DAI) into the search box, which is highlighted in the image. Be certain of having choosen the correct grouping, we've highlighted this too. Click on “DAI/BTC” to progress.

Step 4 – Purchasing Dai (DAI)

Once you have discovered (DAI) Dai, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the recent 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 like to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of DAI.

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

Step 5 – Withdraw Dai (DAI)

Unless you're trading, best advise is not to keep your coins on an Crypto Exchange for an longer time period. In order to withdraw your (DAI) Dai, go to the tab called “Funds” and click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the given drop-down box. Enter the amount of (DAI) Dai you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

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

Congratulations! You've successfully purchased and safed Dai (DAI) in Saint Kitts And Nevis.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Dai (DAI) is stored within your wallet, you are finished.