How to Buy Dai (DAI) in Azerbaijan

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase one of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and receive your first $10.

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. 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 Exchange? (Follow this guide)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate {Dai (DAI)|(DAI) Dai}

Once your deposit has been confirmed, you will immediately have access to your finances and you can begin 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 locate {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 image. Make sure you have choosen the proper grouping, we have highlighted this also. Click on “DAI/BTC” to go ahead.

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

Once you have discovered {Dai (DAI)|(DAI) Dai}, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're making our Limit Order.

The ”Price” field will be filled automatically with the most recent valuation {Dai (DAI)|(DAI) Dai} was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of DAI you want to buy. The ”Total” field is the total price in Bitcoin that you will settle for the whole quantity of DAI.

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

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

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

Locate {Dai (DAI)|(DAI) Dai} by using the given drop-down box. Enter the amount of {Dai (DAI)|(DAI) Dai} you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you're satisfied, click on “Submit”. You may be asked for phone/email verification before a take off.

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

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the {Dai (DAI)|(DAI) Dai} is stored in your wallet, you are finished.

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