How to Buy Dai (DAI) in Saint Martin

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and to get your welcome $10.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Dai (DAI) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

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

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

Step 3 – Find Dai (DAI)

Once your deposit has been verified, you'll directly have access to your finances and you can start invest and trading. To buy Dai (DAI) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

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

Step 4 – Purchasing Dai (DAI)

After 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 image). For now we are making our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date rate Dai (DAI) was traded for. This can be changed to your favoured rate. The “Amount” field is the quantity of DAI you want to purchase. The “Total” field is the total price in Bitcoin that you'll settle for the complete quantity of DAI.

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

Step 5 – Withdraw (DAI) Dai

Unless you are frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. In order to take off your (DAI) Dai, go to the “Funds” tab and click on “Withdraw”. (DAI) Dai can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the given drop-down box. Put into the amount of (DAI) Dai you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you are glad, click “Submit”. You may be asked for phone/email verification before a take off.

Kudos! You have successfully bought and safed (DAI) Dai in Saint Martin.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Dai (DAI) is safe within your wallet, you're finished.