A Step-by-Step-Guide on how to buy Dai (DAI) in Burma
Step 1 – Join Coinbase – Get Free $10 You will first need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and receive your first $10.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Dai (DAI) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just 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 ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Dai (DAI) As soon as your deposit has been approved, you will now have access to your finances and you can begin buying and trading. To invest in Dai (DAI) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to discover Dai (DAI), you'll need to insert the shortname of the coin (DAI) into the search box, which is marked in the image. Make sure you have choosen the correct pairing, we've marked this also. Click on “DAI/BTC” to progress.
Step 4 – Acquisition of Dai (DAI) After you have spotted (DAI) Dai, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation (DAI) Dai was sold for. This can be changed to your preferred price. The “Amount” field is the amount of DAI you want to buy. The “Total” field is the total price in Bitcoin that you'll pay for the complete quantity of DAI. When you're happy, make a mouse click on “Buy DAI”. Your order will be filled as soon as a Vendor sells their DAI for the price you offered.
Step 5 – Withdraw (DAI) Dai Unless you're regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time period. In order to withdraw your (DAI) Dai, hover over the “Funds” tab and mouse click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Dai (DAI) by using the provided drop-down box. Drop in the volumen of (DAI) Dai you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a take off.