How to Buy Dai (DAI) in Guam

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

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

In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and receive your first 10 Dollar.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Dai (DAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. 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)

Once your deposit has been affirmed, you'll immediately have access to your funds and you can begin buying and trading. To buy (DAI) Dai on Binance, you'll want to go to theExchangetab and then click onBasic”.

To locate (DAI) Dai, you'll need to put the shortname of the coin (DAI) into the search box, which is highlighted in the image. Make sure you have choosen the correct pairing, we've highlighted this too. Click onDAI/BTCto go ahead.

Step 4 – Buy Dai (DAI)

As soon as you have located (DAI) Dai, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to make our Limit Order.

The field with thePricetag will be filled with the most up-to-date price Dai (DAI) was traded for. This can be changed to your desired rate. TheAmountfield is the quantity of DAI you wish to buy. The field with theTotaltag is the whole price in BTC that you will pay for the whole volumen of DAI.

If you're happy, click onBuy DAI”. Your plan will be filled as soon as a Seller sells their DAI for the price you offered.

Step 5 – Withdraw (DAI) Dai

Unless you're trading, best advise is not to keep coins on an Crypto Exchange for an longer period of time. To withdraw your Dai (DAI), hover over theFundstab and click onWithdraw”. (DAI) Dai can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the given drop-down box. Drop in the amount of Dai (DAI) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you're satisfied, clickSubmit”. You could be asked for phone/email verification before a withdrawal.

Kudos! You have successfully purchased and stored Dai (DAI) in Guam.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Dai (DAI) is stored within your wallet, you're done.