How to Buy Dai (DAI)

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

You receive the 10$ sign up bonus when you initiate a sell or buy of $100 USD or more within 180 days of signing up. It can also be 100 USD equivalent of your domestic currency and the amount can be a cumulative 100 US Dollar, so it can happen over multiple purchases.

Also: you only receive the bonus when you make an account with the Coinbase Promo Code Link from this site!

Step 1 – Make a Coinbase account and receive 10 Dollar Bonus in Bitcoin

Use the following link for signing up at Coinbase.

Provide an email address, pick out a username, and pick a secure, strong password.

The infrastructure and website of Coinbase is fast and secure, so you're personal info is safe.

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Dai (DAI) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you've chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate Dai (DAI)

Once your deposit has been affirmed, you'll immediately have access to your finances and you can commence invest and trading. To buy Dai (DAI) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to spot Dai (DAI), you will need to put the shortname of the coin (DAI) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked this too. Click on “DAI/BTC” to proceed.

Step 4 – Buy (DAI) Dai

As soon as you have spotted (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 image). And now we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the recent rate (DAI) Dai was sold for. This can be changed to your preferred price. The “Amount” field is the quantity of DAI you like to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole quantity of DAI.

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

Step 5 – Withdraw Dai (DAI)

Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your Dai (DAI), go to the “Funds” tab and click on “Withdraw”. (DAI) Dai can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DAI) Dai by using the given drop-down box. Enter the quantity of Dai (DAI) you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.

Congratulations! You've successfully purchased and stored (DAI) Dai.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the Dai (DAI) is stored inside your wallet, you're finished.

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