How to Buy Dai (DAI) in Japan

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

Step 1 – Signup to CoinbaseGet Free $10

You'll first need to purchase one of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and receive your welcome 10$.

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Dai (DAI) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you've selected the correct coin you wish to deposit.

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

Step 3 – Locate (DAI) Dai

As soon as your deposit has been confirmed, you'll now have access to your assets and you can initiate purchasing and trading. To buy (DAI) Dai on Binance, you will want to hover over theExchangetab and after that mouse click onBasic”.

In order to locate Dai (DAI), you'll need to insert the cointype (DAI) into the search box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we have highlighted this also. Click onDAI/BTCto progress.

Step 4 – Acquisition of Dai (DAI)

After you've found Dai (DAI), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we're going to make our own Limit Order.

The field with thePricetag will be filled with the latest price (DAI) Dai was traded for. You can change this to your desired price. TheAmountfield is the amount of DAI you like to buy. TheTotalfield is the whole price in Bitcoin that you will settle for the whole volumen of DAI.

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

Step 5 – Withdraw Dai (DAI)

Unless you are trading, never keep your coins on an Exchange for an longer time frame. In order to take off your (DAI) Dai, go to the tab calledFundsand click onWithdraw”. Dai (DAI) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the given drop-down box. Drop in the quantity of Dai (DAI) you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address.

When you are glad, make a mouse click onSubmit”. You could be asked for email/phone verification before a withdrawal.

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

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Dai (DAI) is safe within your wallet, you are done.