How to Buy Dai (DAI) in Virgin Islands

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

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to buy one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and to get your first 10 Dollar.

Step 2 – Send Your Funds to an Crypto Trader

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

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find Dai (DAI)

As soon as your deposit has been approved, you'll immediately have access to your finances and you can launch invest and trading. To purchase Dai (DAI) on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”.

To discover Dai (DAI), you'll need to insert the shortname of the coin (DAI) into the search-box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've marked this also. Click on “DAI/BTC” to go on.

Step 4 – Acquisition of (DAI) Dai

After you've spotted (DAI) Dai, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're making our Limit Order.

The “Price” field will be filled automatically with the most up-to-date rate 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 purchase. The field with the “Total” tag is the total price in BTC that you'll 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 Seller trades their DAI for the price you introduced.

Step 5 – Withdraw (DAI) Dai

Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended period of time. In order to take off your (DAI) Dai, hover over the “Funds” tab and 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. Enter the amount of Dai (DAI) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address.

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

Congrats! You've successfully purchased and safed Dai (DAI) in Virgin Islands.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the (DAI) Dai is stored in your wallet, you're finished.