How to Buy Dai (DAI) in American Samoa

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

Step 1 – Signup to CoinbaseGet Free $10

In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and getting your first 10$.

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Dai (DAI) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find Dai (DAI)

As soon as your deposit has been verified, you will directly have access to your finances and you can begin buying and trading. To purchase (DAI) Dai on Binance, you'll want to go to the tab which is calledExchangeand after that click onBasic”.

In order to spot Dai (DAI), you will need to put the cointype (DAI) into the search box, which is highlighted in the image. Make sure you have choosen the correct grouping, we've highlighted this also. Click onDAI/BTCto progress.

Step 4 – Purchasing Dai (DAI)

As soon as you have discovered 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 picture). And now we are going to create our own Limit Order.

The field with thePricetag will be filled automatically with the up-to-date rate (DAI) Dai was sold for. You can change this to your desired rate. TheAmountfield is the amount of DAI you wish to purchase. TheTotalfield is the whole price in BTC that you'll pay for the complete quantity of DAI.

When you are glad, click onBuy DAI”. Your order will be filled as soon as a Vendor trades their DAI for the price you submitted.

Step 5 – Withdraw (DAI) Dai

Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time period. In order to take off your (DAI) Dai, go to the tab calledFundsand click onWithdraw”. (DAI) Dai can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the provided drop-down box. Put into the volumen of Dai (DAI) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

If you are satisfied, click onSubmit”. You may be asked for verfication via email/phone ahead of a take off.

Congrats! You have successfully purchased and safed Dai (DAI) in American Samoa.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Dai (DAI) is safe within your wallet, you're done.