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 (BTC) or Ethereum (ETH) to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find Dai (DAI)

Once your deposit has been verified, you will instantly have access to your funds and you can launch buying and trading. To purchase Dai (DAI) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To find Dai (DAI), you will need to put the cointype (DAI) into the search box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we've 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 – Acquisition of Dai (DAI)

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

The ”Price” field will be filled automatically with the most recent rate Dai (DAI) was sold for. This can be changed to your desired rate. The ”Amount” field is the quantity of DAI you want to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the whole volumen of DAI.

When you're glad, click on “Buy DAI”. Your plan will be filled when a Vendor sells their DAI for the price you introduced.

Step 5 – Withdraw Dai (DAI)

Unless you're frequently trading, best advise is not to keep your coins on an Crypto Trader for an longer period of time. In order to take off your Dai (DAI), hover over the ”Funds” tab and mouse click on “Withdraw”. Dai (DAI) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dai (DAI) by using the given drop-down box. Drop in the quantity of Dai (DAI) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you're glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

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

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the Dai (DAI) is stored in your wallet, you're done.

And some more interesting Altcoins:

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