How to Buy Dai (DAI) in Curaçao

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

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to purchase one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and getting your first 10$.

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has 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 funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are 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 affirmed, you'll immediately have access to your assets and you can initiate buying and trading. To purchase (DAI) Dai on Binance, you will want to hover over the tab which is calledExchangeand then mouse click onBasic”.

To locate (DAI) Dai, you'll need to insert the shortname of the coin (DAI) into the search box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we've highlighted this also. Click onDAI/BTCto advance.

Step 4 – Acquisition of (DAI) Dai

As soon as you've discovered Dai (DAI), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to create our Limit Order.

ThePricefield will be filled automatically with the most recent rate Dai (DAI) was traded for. You can change this to your desired rate. TheAmountfield is the amount of DAI you wish to buy. The field with theTotaltag is the whole price in BTC that you will pay for the whole quantity of DAI.

If you're satisfied, make a mouse click onBuy DAI”. Your plan will be filled as soon as a Vender trades their DAI for the price you introduced.

Step 5 – Withdraw (DAI) Dai

Unless you are regularly trading, best advise is not to keep your coins on an Exchange for an longer time frame. To take off your (DAI) Dai, go to the tab calledFundsand mouse click onWithdraw”. Dai (DAI) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're glad, make a mouse click onSubmit”. You could be asked for verfication via email/phone ahead of a take off.

Kudos! You've successfully bought and safed (DAI) Dai in Curaçao.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the Dai (DAI) is stored within your wallet, you are done.