How to Buy Dai (DAI) in Armenia

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

Step 1 – Join Coinmama

In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and receive your Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Dai (DAI) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have chosen the right coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate {Dai (DAI)|(DAI) Dai}

Once your deposit has been verified, you will now have access to your finances and you can launch purchasing and trading. To purchase {Dai (DAI)|(DAI) Dai} on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”.

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

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

As soon as you have found {Dai (DAI)|(DAI) Dai}, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the latest rate {Dai (DAI)|(DAI) Dai} was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of DAI you want to purchase. The ”Total” field is the total price in BTC that you'll pay for the whole quantity of DAI.

If you are satisfied, make a mouse click on “Buy DAI”. Your order will be filled as soon as a Vender sells their DAI for the price you submitted.

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

Unless you're frequently trading, you should never keepyour coins on an Crypto Trader for an longer time period. To take off your {Dai (DAI)|(DAI) Dai}, hover over the tab called “Funds” and click on “Withdraw”. {Dai (DAI)|(DAI) Dai} can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Dai (DAI)|(DAI) Dai} by using the provided drop-down box. Drop in the volumen of {Dai (DAI)|(DAI) Dai} you would wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

If you're glad, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Congratulations! You've successfully bought and safed Dai (DAI) in Armenia.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the {Dai (DAI)|(DAI) Dai} is stored within your wallet, you are finished.

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