How to Buy Dai (DAI) in Israel

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

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

You will first need to buy one of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and receive your welcome 10 Dollar.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Dai (DAI) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

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

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

Step 3 – Locate Dai (DAI)

Once your deposit has been affirmed, you will directly have access to your assets and you can start buying and trading. To invest in (DAI) Dai on Binance, you'll want to hover over theExchangetab and after that click onBasic”.

In order to discover Dai (DAI), you will need to put the shortname of the coin (DAI) into the search box, which is marked in the picture. Make sure you have selected the correct pairing, we've highlighted this too. Click onDAI/BTCto go ahead.

Step 4 – Buying Dai (DAI)

After you have found Dai (DAI), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are making our own Limit Order.

ThePricefield will be filled with the most up-to-date valuation Dai (DAI) was sold for. You can change this to your desired rate. TheAmountfield is the quantity of DAI you wish to purchase. TheTotalfield is the total price in BTC that you'll settle for the whole amount of DAI.

When you are happy, click onBuy DAI”. Your order will be filled when a Vender sells their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

Unless you are regularly trading, you should never keepyour coins on an Exchange for an extensive period of time. To take off your (DAI) Dai, go to the tab calledFundsand click onWithdraw”. (DAI) Dai can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the provided drop-down box. Put into the quantity of Dai (DAI) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

When you're satisfied, click onSubmit”. You may be requested for email/phone verification before a withdrawal.

Congrats! You've successfully purchased and safed (DAI) Dai in Israel.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the Dai (DAI) is safe in your wallet, you are all done.