A Step-by-Step-Guide on how to buy Dai (DAI) in Botswana
Step 1 – Join Coinbase and recieve 10$ for free You will first need to buy one of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive your welcome 10$.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find (DAI) Dai As soon as your deposit has been approved, you will instantly have access to your funds and you can initiate buying and trading. To buy (DAI) Dai on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to locate Dai (DAI), you will need to insert the cointype (DAI) into the search-box, which is marked in the image. Be certain of having selected the correct grouping, we've highlighted this too. Click on “DAI/BTC” to continue.
Step 4 – Buy (DAI) Dai Once you have spotted Dai (DAI), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to create our Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date price Dai (DAI) was sold for. This can be changed to your favoured price. The “Amount” field is the amount of DAI you wish to purchase. The “Total” field is the total price in Bitcoin that you will pay for the whole quantity of DAI. If you're glad, make a mouse click on “Buy DAI”. Your order will be filled when a Seller sells their DAI for the price you gave.
Step 5 – Withdraw (DAI) Dai Unless you're frequently trading, best advise is not to keep coins on an Crypto Trader for an extended period of time. In order to take off your (DAI) Dai, hover over the tab called “Funds” and click on “Withdraw”. (DAI) Dai can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Dai (DAI) by using the given drop-down box. Drop in the volumen of Dai (DAI) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, click “Submit”. You may be requested for email/phone verification ahead of a take off.