A Step-by-Step-Guide on how to buy Dai (DAI) in Ireland
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and getting your first $10.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Dai (DAI) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you have chosen the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find (DAI) Dai Once your deposit has been approved, 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 called “Exchange” and after that mouse click on “Basic”. In order to locate Dai (DAI), you'll need to put the short name of the asset (DAI) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we have highlighted this also. Click on “DAI/BTC” to advance.
Step 4 – Buying (DAI) Dai After you've found Dai (DAI), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order. The “Price” field will be filled automatically with the up-to-date valuation (DAI) Dai was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of DAI you like to buy. The “Total” field is the total price in Bitcoin that you will pay for the whole volumen of DAI. If you are glad, click on “Buy DAI”. Your plan will be filled as soon as a Vendor sells their DAI for the price you introduced.
Step 5 – Withdraw (DAI) Dai Unless you are trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Dai (DAI), hover over the tab called “Funds” and click on “Withdraw”. (DAI) Dai can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (DAI) Dai by using the provided drop-down box. Enter the quantity of Dai (DAI) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.