How to Buy Dai (DAI) in Gibraltar

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

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

You will first need to purchase units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and to get your welcome 10 Dollar.

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

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Dai (DAI) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate Dai (DAI)

Once your deposit has been verified, you'll now have access to your assets and you can begin buying and trading. To buy Dai (DAI) on Binance, you will want to hover over the tab which is calledExchangeand after that click onBasic”.

To locate Dai (DAI), you'll need to put the cointype (DAI) into the search-box, which is marked in the graphic. Make sure you have choosen the right grouping, we have highlighted this too. Click onDAI/BTCto advance.

Step 4 – Acquisition of Dai (DAI)

After you've found (DAI) Dai, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are creating our own Limit Order.

The field with thePricetag will be filled automatically with the most recent price Dai (DAI) was sold for. You can change this to your preferred price. TheAmountfield is the quantity of DAI you like to buy. The field with theTotaltag is the aggregated price in BTC that you'll pay for the whole amount of DAI.

When you're satisfied, make a mouse click onBuy DAI”. Your plan will be filled when a Seller trades their DAI for the price you introduced.

Step 5 – Withdraw Dai (DAI)

Unless you are regularly trading, never keep your crypto coins on an Exchange for an extended period of time. To withdraw your Dai (DAI), hover over the tab calledFundsand mouse click onWithdraw”. (DAI) Dai can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the provided drop-down box. Enter the volumen of (DAI) Dai you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, make a mouse click onSubmit”. You could be asked for verfication via phone/email before a withdrawal.

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

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the Dai (DAI) is safe in your wallet, you are all done.