A Step-by-Step-Guide on how to buy Dai (DAI) in Canada
Step 1 – Join Coinbase and recieve 10$ for free You will first need to purchase one of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first $10.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Dai (DAI) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Dai (DAI) As soon as your deposit has been approved, you will instantly have access to your funds and you can commence invest and trading. To invest in (DAI) Dai on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to discover Dai (DAI), you'll need to put the short name of the asset (DAI) into the search-box, which is marked in the picture. Be certain of having selected the right pairing, we've marked this too. Click on “DAI/BTC” to proceed.
Step 4 – Purchase Dai (DAI) As soon as you've found Dai (DAI), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're creating our Limit Order. The field with the “Price” tag will be automatically filled with the most recent price (DAI) Dai was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of DAI you like to purchase. The “Total” field is the total price in BTC that you will pay for the whole quantity of DAI. When you are satisfied, click on “Buy DAI”. Your plan will be filled when a Vendor sells their DAI for the price you submitted.
Step 5 – Withdraw Dai (DAI) Unless you're frequently trading, you should never keepyour crypto on an Crypto Trader for an extended time frame. To withdraw your Dai (DAI), hover over the “Funds” tab and mouse click on “Withdraw”. Dai (DAI) can be safely stored 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 shown fees/minimums. Also make sure you have filled your precise withdraw address. When you're happy, click on “Submit”. You could be asked for verfication via phone/email before a take off.