How to Buy Dai (DAI) in United States

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

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and to get your welcome 10$.

Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange

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

Make sure you have chosen the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find (DAI) Dai

Once your deposit has been approved, you will now have access to your assets and you can begin buying and trading. To buy Dai (DAI) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

In order to find Dai (DAI), you will need to put the shortname of the coin (DAI) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we have marked this too. Click on “DAI/BTC” to progress.

Step 4 – Acquisition of (DAI) Dai

After you've located Dai (DAI), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent rate (DAI) Dai was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of DAI you want to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of DAI.

If you're glad, click on “Buy DAI”. Your plan will be filled as soon as a Vendor sells their DAI for the price you gave.

Step 5 – Withdraw Dai (DAI)

Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Trader for an longer period of time. In order to withdraw your Dai (DAI), hover over the “Funds” tab and click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the given drop-down box. Put into the volumen of Dai (DAI) you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you are glad, click “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Kudos! You've successfully bought and stored (DAI) Dai in United States.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the (DAI) Dai is safe inside your wallet, you are all done.