How to Buy Dai (DAI) in Kiribati

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

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

You'll first need to buy one of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and receive your first 10$.

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Find (DAI) Dai

As soon as your deposit has been confirmed, you will immediately have access to your assets and you can initiate purchasing and trading. To invest in (DAI) Dai on Binance, you will want to hover over theExchangetab and then click onBasic”.

In order to find (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've highlighted this too. Click onDAI/BTCto proceed.

Step 4 – Purchasing Dai (DAI)

After you have discovered Dai (DAI), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we are going to make our Limit Order.

The field with thePricetag will be automatically filled with the latest tariff (DAI) Dai was traded for. This can be changed to your favoured rate. TheAmountfield is the quantity of DAI you want to purchase. TheTotalfield is the total price in Bitcoin that you'll settle for the whole quantity of DAI.

When you are satisfied, click onBuy DAI”. Your plan will be filled when a Vendor trades their DAI for the price you submitted.

Step 5 – Withdraw Dai (DAI)

Unless you're frequently trading, never keep your coins on an Exchange for an extensive period of time. In order to take off your (DAI) Dai, go to theFundstab and mouse click onWithdraw”. Dai (DAI) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dai (DAI) by using the provided drop-down box. Enter the amount of Dai (DAI) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you're satisfied, clickSubmit”. You could be asked for email/phone verification ahead of a withdrawal.

Congratulations! You have successfully purchased and stored (DAI) Dai in Kiribati.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the (DAI) Dai is stored inside your wallet, you are all done.