How to Buy Dai (DAI) in Anguilla

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).

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) 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 funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Locate {Dai (DAI)|(DAI) Dai}

As soon as your deposit has been approved, you will now have access to your assets and you can initiate purchasing and trading. To buy {Dai (DAI)|(DAI) Dai} on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate {Dai (DAI)|(DAI) Dai}, you will need to insert the cointype (DAI) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we've marked this too. Click on “DAI/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Dai (DAI)
Step 4 – Purchase {Dai (DAI)|(DAI) Dai}

Once you have located {Dai (DAI)|(DAI) Dai}, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create our own Limit Order.

The ”Price” field will be automatically filled with the recent price {Dai (DAI)|(DAI) Dai} was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of DAI you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole amount of DAI.

If you are satisfied, make a mouse click on “Buy DAI”. Your order will be filled when a Vendor sells their DAI for the price you introduced.

Step 5 – Withdraw {Dai (DAI)|(DAI) Dai}

Unless you're regularly trading, you should never keepyour crypto coins on an Exchange for an extensive time frame. To withdraw your {Dai (DAI)|(DAI) Dai}, hover over the ”Funds” tab and click on “Withdraw”. {Dai (DAI)|(DAI) Dai} can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Dai (DAI)|(DAI) Dai} by using the given drop-down box. Enter the volumen of {Dai (DAI)|(DAI) Dai} you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you're glad, click “Submit”. You may be asked for email/phone verification ahead of a take off.

Congratulations! You've successfully purchased and safed Dai (DAI) in Anguilla.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you have proved your take off with Ethplorer.io or Etherscan.io and the {Dai (DAI)|(DAI) Dai} is safe in your wallet, you are all done.

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