How to Buy Dai (DAI) in Saudi Arabia

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and getting your first $10.

Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Dai (DAI) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find (DAI) Dai

Once your deposit has been affirmed, you'll instantly have access to your finances and you can initiate purchasing and trading. To buy Dai (DAI) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

To locate (DAI) Dai, you will need to insert the short name of the asset (DAI) into the search box, which is highlighted in the image. Be certain of having selected the correct pairing, we've marked this also. Click on “DAI/BTC” to progress.

Step 4 – Buy (DAI) Dai

After you've spotted (DAI) Dai, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date valuation (DAI) Dai was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of DAI you wish to purchase. The “Total” field is the total price in BTC that you will settle for the whole quantity of DAI.

When you are satisfied, make a mouse click on “Buy DAI”. Your plan will be filled when a Vender sells their DAI for the price you submitted.

Step 5 – Withdraw Dai (DAI)

Unless you are trading, you should never keepyour coins on an Exchange for an extended time period. To take off your (DAI) Dai, hover over 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. Drop in the quantity of Dai (DAI) you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

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

Kudos! You have successfully purchased and stored Dai (DAI) in Saudi Arabia.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Dai (DAI) is stored in your wallet, you are finished.