How to Buy Dai (DAI) in Turks And Caicos Islands

A Step-by-Step-Guide on how to buy Dai (DAI) in Turks And Caicos Islands

Step 1 – Signup to Coinbase – Get Free $10

You will first need to purchase units of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome $10.

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Dai (DAI) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to)

Make sure you have selected the right coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate Dai (DAI)

As soon as your deposit has been verified, you will now have access to your finances and you can initiate invest and trading. To invest in (DAI) Dai on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

To spot (DAI) Dai, you will need to insert the shortname of the coin (DAI) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we have highlighted this too. Click on “DAI/BTC” to go ahead.

Step 4 – Buying (DAI) Dai

As soon as you've located (DAI) Dai, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're creating our own Limit Order.

The field with the “Price” tag will be filled with the latest valuation (DAI) Dai was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of DAI you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole amount of DAI.

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

Step 5 – Withdraw (DAI) Dai

Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. To take off your Dai (DAI), go to the “Funds” tab and mouse click on “Withdraw”. Dai (DAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the provided drop-down box. Drop in the quantity of Dai (DAI) you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

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

Congratulations! You've successfully purchased and safed Dai (DAI) in Turks And Caicos Islands.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Dai (DAI) is stored inside your wallet, you're done.