How to Buy Dai (DAI) in Ethiopia

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

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

You will first need to buy units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get your first $10.

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. 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 Exchange? (Just follow these easy steps)

Make sure you've selected the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find Dai (DAI)

Once your deposit has been affirmed, you'll directly have access to your assets and you can launch purchasing and trading. To purchase (DAI) Dai on Binance, you'll want to hover over the tab which is calledExchangeand mouse click onBasic”.

In order to discover (DAI) Dai, you will need to put the shortname of the coin (DAI) into the search box, which is marked in the graphic. Make sure you have selected the proper pairing, we have highlighted this also. Click onDAI/BTCto continue.

Step 4 – Buy (DAI) Dai

After you've found Dai (DAI), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to create our Limit Order.

ThePricefield will be automatically filled with the most up-to-date price Dai (DAI) was traded for. This can be changed to your desired price. TheAmountfield is the volumen of DAI you wish to purchase. TheTotalfield is the total price in BTC that you'll settle for the whole volumen of DAI.

If you are happy, click onBuy DAI”. Your order will be filled as soon as a Vender sells their DAI for the price you introduced.

Step 5 – Withdraw Dai (DAI)

Unless you're trading, never keep your crypto on an Crypto Trader for an longer time frame. To withdraw your (DAI) Dai, hover over the tab calledFundsand mouse click onWithdraw”. Dai (DAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DAI) Dai by using the given drop-down box. Drop in the quantity of Dai (DAI) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address.

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

Congratulations! You have successfully purchased and stored (DAI) Dai in Ethiopia.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the Dai (DAI) is stored within your wallet, you're all done.