A Step-by-Step-Guide on how to buy Dai (DAI) in Pitcairn Islands
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and receive your first 10$.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Dai (DAI) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate Dai (DAI) Once your deposit has been confirmed, you will instantly have access to your finances and you can start purchasing and trading. To purchase Dai (DAI) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to spot (DAI) Dai, you will need to put the cointype (DAI) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we've highlighted this too. Click on “DAI/BTC” to continue.
Step 4 – Acquisition of Dai (DAI) As soon as you have spotted Dai (DAI), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to create our Limit Order. The “Price” field will be automatically filled with the recent price (DAI) Dai was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of DAI you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete quantity of DAI. If you are happy, click on “Buy DAI”. Your plan will be filled when a Vendor trades their DAI for the price you gave.
Step 5 – Withdraw Dai (DAI) Unless you're frequently trading, never keep your crypto on an Crypto Trader for an longer time period. To withdraw your Dai (DAI), go to the “Funds” tab and click on “Withdraw”. Dai (DAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Dai (DAI) by using the given drop-down box. Drop in the quantity of (DAI) Dai you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you are glad, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.