How to Buy Dai (DAI) in Ecuador

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

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

You'll first need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and to get your welcome 10 Dollar.

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Dai (DAI) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

Make sure you've selected the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find Dai (DAI)

As soon as your deposit has been affirmed, you will now have access to your finances and you can commence purchasing and trading. To invest in (DAI) Dai on Binance, you will want to go to the tab which is calledExchangeand after that click onBasic”.

In order to discover (DAI) Dai, you'll need to put the shortname of the coin (DAI) into the search-box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've highlighted this also. Click onDAI/BTCto proceed.

Step 4 – Acquisition of (DAI) Dai

As soon as you have discovered Dai (DAI), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are creating our Limit Order.

ThePricefield will be automatically filled with the most latest price (DAI) Dai was sold for. This can be changed to your favoured price. The field with theAmounttag is the volumen of DAI you like to purchase. TheTotalfield is the aggregated price in BTC that you will settle for the whole volumen of DAI.

If you're satisfied, click onBuy 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 regularly trading, you should never keepyour coins on an Crypto Exchange for an extended time frame. In order to withdraw your (DAI) Dai, go to the tab calledFundsand mouse click onWithdraw”. Dai (DAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the provided drop-down box. Put into the amount of (DAI) Dai you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

If you're glad, clickSubmit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Congratulations! You've successfully bought and safed (DAI) Dai in Ecuador.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (DAI) Dai is safe inside your wallet, you're done.