How to Buy Dai (DAI) in Timor-Leste

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

Step 1 – Signup to CoinbaseGet Free $10

You will first need to buy units of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and to get your welcome 10$.

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Dai (DAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've chosen the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate Dai (DAI)

Once your deposit has been verified, you will now have access to your funds and you can launch buying and trading. To invest in (DAI) Dai on Binance, you will want to hover over theExchangetab and then mouse click onBasic”.

In order to find Dai (DAI), you will need to insert the cointype (DAI) into the search box, which is marked in the graphic. Be certain of having choosen the right grouping, we've highlighted this also. Click onDAI/BTCto go on.

Step 4 – Buying Dai (DAI)

After you've spotted (DAI) Dai, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The field with thePricetag will be filled automatically with the most up-to-date price Dai (DAI) was traded for. This can be changed to your desired price. TheAmountfield is the quantity of DAI you want to purchase. The field with theTotaltag is the total price in BTC that you'll pay for the complete volumen of DAI.

If you are glad, make a mouse click onBuy DAI”. Your order will be filled when a Vender sells their DAI for the price you offered.

Step 5 – Withdraw Dai (DAI)

Unless you're frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time period. To withdraw your Dai (DAI), hover over theFundstab and mouse click onWithdraw”. (DAI) Dai can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DAI) Dai by using the provided drop-down box. Drop in the amount of (DAI) Dai you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

If you're satisfied, make a mouse click onSubmit”. You could be requested for verfication via phone/email ahead of a take off.

Kudos! You've successfully bought and safed (DAI) Dai in Timor-Leste.

That's it!

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