How to Buy Dai (DAI) in Bahamas

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

Step 1 – Join CoinbaseGet Free $10

You will first need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and receive your first 10$.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have selected the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find (DAI) Dai

As soon as your deposit has been verified, you'll instantly have access to your assets and you can commence purchasing and trading. To invest in (DAI) Dai on Binance, you'll want to hover over theExchangetab and after that click onBasic”.

In order to locate (DAI) Dai, you'll need to put the cointype (DAI) into the search box, which is highlighted in the picture. Be certain of having choosen the right pairing, we have highlighted this also. Click onDAI/BTCto go ahead.

Step 4 – Acquisition of (DAI) Dai

After you've found (DAI) Dai, you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our own Limit Order.

The field with thePricetag will be automatically filled with the most recent rate (DAI) Dai was sold for. You can change this to your desired rate. The field with theAmounttag is the amount of DAI you want to purchase. The field with theTotaltag is the aggregated price in Bitcoin that you will settle for the complete amount of DAI.

If you are happy, click onBuy DAI”. Your plan will be filled as soon as a Seller sells their DAI for the price you gave.

Step 5 – Withdraw Dai (DAI)

Unless you are regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extended time period. To take off your (DAI) Dai, hover over theFundstab and mouse click onWithdraw”. Dai (DAI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the provided drop-down box. Drop in the volumen of Dai (DAI) you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

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

Congrats! You have successfully bought and safed Dai (DAI) in Bahamas.

That's it!

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