How to Buy Dai (DAI) in Pitcairn Islands

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 calledExchangeand then mouse click onBasic”.

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 onDAI/BTCto 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.

ThePricefield will be automatically filled with the recent price (DAI) Dai was sold for. This can be changed to your favoured price. The field with theAmounttag is the quantity of DAI you like to buy. The field with theTotaltag is the total price in Bitcoin that you will pay for the complete quantity of DAI.

If you are happy, click onBuy 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 theFundstab and click onWithdraw”. 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 onSubmit”. You may be asked for phone/email verification ahead of a withdrawal.

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

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (DAI) Dai is safe within your wallet, you're finished.