How to Buy Dai (DAI) in Azerbaijan

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

Step 1 – Signup to Coinmama

You will first need to buy units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and to get your Bitcoin or Ethereum.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Dai (DAI) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find {Dai (DAI)|(DAI) Dai}

Once your deposit has been affirmed, you will directly have access to your assets and you can start buying and trading. To buy {Dai (DAI)|(DAI) Dai} on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To find {Dai (DAI)|(DAI) Dai}, you will need to insert the short name of the asset (DAI) into the search-box, which is highlighted in the picture. Be certain of having selected the correct grouping, we've highlighted 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}

After you have found {Dai (DAI)|(DAI) Dai}, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date tariff {Dai (DAI)|(DAI) Dai} was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of DAI you like to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the complete volumen of DAI.

When you are happy, make a mouse 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)|(DAI) Dai}

Unless you're trading, best advise is not to keep crypto on an Exchange for an extensive period of time. To take off your {Dai (DAI)|(DAI) Dai}, go to the ”Funds” tab and click on “Withdraw”. {Dai (DAI)|(DAI) Dai} can be stored safely 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 displayed minimus/fees. Also make sure you have entered your right withdraw address.

If you're satisfied, click “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Kudos! You have successfully bought and stored Dai (DAI) in Azerbaijan.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the {Dai (DAI)|(DAI) Dai} is stored inside your wallet, you're done.

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