How to Buy Dai (DAI) in Libya

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

Step 1 – Signup to CoinbaseGet Free $10

In the beginning you'll need to buy one of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and getting your first $10.

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader 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 illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you have chosen the precise coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find (DAI) Dai

Once your deposit has been verified, you will immediately have access to your assets and you can commence purchasing and trading. To purchase Dai (DAI) on Binance, you will want to hover over the tab which is calledExchangeand after that click onBasic”.

In order to spot (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 correct grouping, we have highlighted this also. Click onDAI/BTCto go ahead.

Step 4 – Buy Dai (DAI)

After you've discovered (DAI) Dai, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're making our Limit Order.

The field with thePricetag will be automatically filled with the most up-to-date price Dai (DAI) was traded for. You can change this to your preferred price. TheAmountfield is the volumen of DAI you want to purchase. TheTotalfield is the aggregated price in Bitcoin that you'll pay for the complete quantity of DAI.

If you're happy, make a mouse click onBuy DAI”. Your order will be filled when a Vender trades their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an extensive time frame. To take off your Dai (DAI), hover over theFundstab and click onWithdraw”. Dai (DAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are glad, click onSubmit”. You could be asked for phone/email verification ahead of a take off.

Congratulations! You have successfully purchased and safed Dai (DAI) in Libya.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Dai (DAI) is stored inside your wallet, you're finished.