A Step-by-Step-Guide on how to buy Dai (DAI) in United Kingdom
Step 1 – Join Coinbase – Get Free $10 You'll first need to purchase units of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get your first 10$.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Dai (DAI) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Dai (DAI) Once your deposit has been verified, you will now have access to your finances and you can begin purchasing and trading. To purchase (DAI) Dai on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”. To find (DAI) Dai, you'll need to put the shortname of the coin (DAI) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “DAI/BTC” to advance.
Step 4 – Buy Dai (DAI) Once you've found Dai (DAI), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). And now we are going to create our Limit Order. The field with the “Price” tag will be filled with the up-to-date price Dai (DAI) was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of DAI you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of DAI. When you're happy, click on “Buy DAI”. Your plan will be filled when a Seller trades their DAI for the price you introduced.
Step 5 – Withdraw Dai (DAI) Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an longer period of time. To withdraw your Dai (DAI), hover over the tab called “Funds” and mouse click on “Withdraw”. Dai (DAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DAI) Dai by using the given drop-down box. Drop in the quantity of Dai (DAI) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you're happy, click on “Submit”. You may be requested for email/phone verification before a withdrawal.