How to Buy Dai (DAI) in Germany

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and to get your welcome 10$.

Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Dai (DAI) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have chosen the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate (DAI) Dai

As soon as your deposit has been verified, you'll immediately have access to your funds and you can begin buying and trading. To invest in (DAI) Dai on Binance, you'll want to go to theExchangetab and then click onBasic”.

To spot (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 choosen the proper pairing, we've highlighted this also. Click onDAI/BTCto go ahead.

Step 4 – Purchasing (DAI) Dai

After you've discovered (DAI) Dai, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are creating our Limit Order.

ThePricefield will be automatically filled with the latest tariff (DAI) Dai was traded for. You can change this to your favoured price. TheAmountfield is the amount of DAI you wish to purchase. TheTotalfield is the whole price in Bitcoin that you'll settle for the complete quantity of DAI.

When you're glad, click onBuy DAI”. Your order will be filled when a Vender trades their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

Unless you are trading, never keep your crypto on an Crypto Trader for an extensive period of time. In order to withdraw your Dai (DAI), hover over theFundstab and click onWithdraw”. Dai (DAI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the given drop-down box. Drop in the amount of (DAI) Dai you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address.

If you are satisfied, click onSubmit”. You may be asked for verfication via phone/email before a take off.

Congrats! You have successfully bought and safed (DAI) Dai in Germany.

That's it!

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