How to Buy Dai (DAI) in Vanuatu

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to purchase one of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and to get your first 10 Dollar.

Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) 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 will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find (DAI) Dai

As soon as your deposit has been confirmed, you will now have access to your finances and you can start 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”.

In order to spot Dai (DAI), you'll need to insert the cointype (DAI) into the search-box, which is highlighted in the graphic. Make sure you have selected the right grouping, we've highlighted this also. Click on “DAI/BTC” to go ahead.

Step 4 – Purchase (DAI) Dai

After you've located (DAI) Dai, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date rate (DAI) Dai was sold for. This can be changed to your favoured price. The “Amount” field is the volumen of DAI you want to purchase. The “Total” field is the whole price in BTC that you'll settle for the whole volumen of DAI.

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

Step 5 – Withdraw Dai (DAI)

Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an longer period of time. To take off your Dai (DAI), hover over the tab called “Funds” and click on “Withdraw”. Dai (DAI) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the given drop-down box. Drop in the amount of (DAI) Dai you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

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

Congrats! You have successfully purchased and stored (DAI) Dai in Vanuatu.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (DAI) Dai is safe inside your wallet, you are finished.