How to Buy Dai (DAI) in Anguilla

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

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to buy one of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and receive your first $10.

Binance Signup
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Dai (DAI) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've chosen the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate {Dai (DAI)|(DAI) Dai}

As soon as your deposit has been affirmed, you will immediately have access to your assets and you can begin buying and trading. To purchase {Dai (DAI)|(DAI) Dai} on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to spot {Dai (DAI)|(DAI) Dai}, you will need to put the short name of the asset (DAI) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we have marked this also. Click on “DAI/BTC” to proceed.

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

As soon as you've discovered {Dai (DAI)|(DAI) Dai}, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are creating our Limit Order.

The ”Price” field will be filled automatically with the most recent rate {Dai (DAI)|(DAI) Dai} was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of DAI you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete quantity of DAI.

If you are satisfied, click on “Buy DAI”. Your plan will be filled when a Seller trades their DAI for the price you introduced.

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

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

Locate {Dai (DAI)|(DAI) Dai} by using the given drop-down box. Drop in the quantity of {Dai (DAI)|(DAI) Dai} you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Congrats! You've successfully purchased and stored Dai (DAI) in Anguilla.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your take off with Etherscan.io or Ethplorer.io and the {Dai (DAI)|(DAI) Dai} is stored within your wallet, you're done.

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