How to Buy Dai (DAI) in Italy

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

Step 1 – Join Coinbase – Get Free $10

You will first need to buy one of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and getting your first 10$.

Coinbase Promo Signup
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have 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 Exchange? (Follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Binance Signup

Step 3 – Locate Dai (DAI)

As soon as your deposit has been approved, you'll immediately have access to your assets and you can start buying and trading. To purchase Dai (DAI) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”.

In order to locate Dai (DAI), you'll need to insert the shortname of the coin (DAI) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we have highlighted this also. Click on “DAI/BTC” to advance.

Step 4 – Buying (DAI) Dai

As soon as you've found (DAI) Dai, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to make our Limit Order.

The field with the “Price” tag will be filled with the latest rate Dai (DAI) was sold for. You can change this to your preferred price. The “Amount” field is the quantity of DAI you like to buy. The “Total” field is the aggregated price in BTC that you will pay for the whole quantity of DAI.

When you are satisfied, click on “Buy DAI”. Your plan will be filled when a Vendor sells their DAI for the price you submitted.

Step 5 – Withdraw (DAI) Dai

Unless you're regularly trading, best advise is not to keep coins on an Exchange for an extensive period of time. To withdraw your Dai (DAI), hover over the “Funds” tab and mouse click on “Withdraw”. (DAI) Dai can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the given drop-down box. Enter the amount of (DAI) Dai you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

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

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the (DAI) Dai is stored in your wallet, you're done.