How to Buy Dai (DAI) in Norway

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

Step 1 – Signup to CoinbaseGet Free $10

In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and to get your first 10 Dollar.

Step 2 – Transmit Your Funds to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Dai (DAI) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you have chosen the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find Dai (DAI)

Once your deposit has been confirmed, you will immediately have access to your finances and you can initiate buying and trading. To invest in (DAI) Dai on Binance, you will want to hover over theExchangetab and click onBasic”.

In order to discover Dai (DAI), you will need to insert the cointype (DAI) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we have highlighted this also. Click onDAI/BTCto proceed.

Step 4 – Acquisition of Dai (DAI)

After you have discovered Dai (DAI), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are going to create our own Limit Order.

ThePricefield will be filled automatically with the latest rate (DAI) Dai was traded for. This can be changed to your desired price. TheAmountfield is the amount of DAI you like to buy. TheTotalfield is the whole price in BTC that you'll settle for the complete amount of DAI.

When you are glad, click onBuy DAI”. Your order will be filled when a Seller trades their DAI for the price you submitted.

Step 5 – Withdraw Dai (DAI)

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extensive time period. In order to take off your (DAI) Dai, go to theFundstab and mouse click onWithdraw”. (DAI) Dai can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the given drop-down box. Enter the volumen of Dai (DAI) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

When you're satisfied, clickSubmit”. You may be requested for verfication via phone/email ahead of a take off.

Kudos! You've successfully bought and stored Dai (DAI) in Norway.

That's it!

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