A Step-by-Step-Guide on how to buy Dai (DAI) in Anguilla
Step 1 – Signup to Coinmama In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need 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're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find Dai (DAI) As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can commence purchasing and trading. To buy Dai (DAI) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Dai (DAI), you will need to put the short name of the asset (DAI) into the search box, which is marked in the graphic. Make sure you have choosen the right pairing, we've marked this also. Click on “DAI/BTC” to proceed.
Step 4 – Buying Dai (DAI) After you've spotted Dai (DAI), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're making our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date rate Dai (DAI) was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of DAI you wish to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the complete volumen of DAI. When you are happy, make a mouse click on “Buy DAI”. Your plan will be filled as soon as a Vendor sells their DAI for the price you gave.
Step 5 – Withdraw Dai (DAI) Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. In order to withdraw your Dai (DAI), hover over the tab called “Funds” and click on “Withdraw”. 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 quantity of Dai (DAI) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you are glad, click “Submit”. You could be requested for verfication via email/phone before a withdrawal.
Congrats! You've successfully purchased and stored Dai (DAI) in Anguilla.That's it! Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Dai (DAI) is safe in your wallet, you're done.
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