How to Buy Dai (DAI) in Spain

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to purchase one of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and getting your first $10.

Step 2 – Transmit Your Funds to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate (DAI) Dai

As soon as your deposit has been approved, you'll directly have access to your assets and you can begin buying and trading. To buy Dai (DAI) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

To discover (DAI) Dai, you will need to put the cointype (DAI) into the search box, which is highlighted in the graphic. Make sure you have selected the right pairing, we've marked this too. Click on “DAI/BTC” to advance.

Step 4 – Acquisition of (DAI) Dai

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

The “Price” field will be filled with the most recent rate (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 wish to buy. The “Total” field is the whole price in BTC that you will settle for the whole amount of DAI.

If you're satisfied, make a mouse 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 are frequently trading, never keep your crypto coins on an Crypto Trader for an extensive time frame. 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 given drop-down box. Drop in the amount of Dai (DAI) you'd wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Kudos! You've successfully purchased and stored Dai (DAI) in Spain.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (DAI) Dai is stored in your wallet, you're finished.