How to Buy Dai (DAI) in Guernsey

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

Step 1 – Join CoinbaseGet Free $10

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and to get your welcome $10.

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

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find Dai (DAI)

As soon as your deposit has been affirmed, you'll directly have access to your assets and you can commence invest and trading. To purchase (DAI) Dai on Binance, you will want to hover over theExchangetab and after that mouse click onBasic”.

In order to spot Dai (DAI), you'll need to put the cointype (DAI) into the search-box, which is marked in the picture. Make sure you have choosen the correct pairing, we have highlighted this too. Click onDAI/BTCto go on.

Step 4 – Purchase (DAI) Dai

As soon as you have located Dai (DAI), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to create our own Limit Order.

ThePricefield will be filled automatically with the latest valuation Dai (DAI) was sold for. You can change this to your preferred price. TheAmountfield is the volumen of DAI you like to purchase. The field with theTotaltag is the total price in Bitcoin that you'll pay for the complete quantity of DAI.

If you are glad, make a mouse click onBuy DAI”. Your plan will be filled as soon as a Vender trades their DAI for the price you offered.

Step 5 – Withdraw (DAI) Dai

Unless you're trading, never keep your coins on an Crypto Exchange for an extensive period of time. To take off your Dai (DAI), hover over the tab calledFundsand click onWithdraw”. Dai (DAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the given drop-down box. Put into the amount of Dai (DAI) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

When you're satisfied, make a mouse click onSubmit”. You could be requested for phone/email verification ahead of a take off.

Congratulations! You've successfully bought and stored (DAI) Dai in Guernsey.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the Dai (DAI) is safe within your wallet, you are all done.