How to buy Dai with NZD in New Zealand

If you want to buy Dai but don`t know how to start, you`ve come to the right place.

Here you will find our easy-to-follow step-by-step guide on how to buy Dai in New Zealand with NZD.

DAI / NZD exchange rate for today

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Table of Contents

The Benefits of Dai

  • DAI is a stable coin that cannot be seized or censored by governments or regulatory agencies.
  • DAI is the most private ERC-20 token for transacting on Ethereum. It’s pegged to 1 USD and doesn’t require any registration or KYC. In addition, it is faster, cheaper, and more efficient than any other stablecoin available.
  • DAI is the first, stable cryptocurrency to be issued on the Ethereum blockchain. Since its inception in 2013, DAI has seen steady progress in overall market cap growth and usage.

Dai price chart (DAI / NZD)

Step 1: Register with a cryptocurrency exchange

To participate in the world of crypto-trading, you first need to sign up with a cryptocurrency exchange. These platforms are where you can buy, sell, and hold cryptocurrency.

There are plenty of cryptocurrency scams out there, so be sure to buy and sell on a reputable exchange.

Binance is one of the best places to buy Dai, especially if you live in the New Zealand. Registration is quick and simple, and the DAI is very easy to buy with NZD.

Why is Binance the best?

  • Low transactions fees of 0.1% and below
  • 25% on trading fees paid with the BNB token
  • Binance is available all over the world
  • Supports a wide selection of over 500+ crypto assets
  • Over 50+ fiat currencies supported
  • Binance staking allows users to earn rewards on their crypto holdings
  • More trading options, including spot trading, margin trading, P2P, and futures trading
  • NFT marketplace to buy and sell NFTs
  • Different trading interfaces to accommodate every users’ trading experience
  • The Binance mobile app enables users to access their accounts and trade on the go
  • Binance Visa Card to spend your crypto hassle-free
  • The Binance Trust Wallet supports 53 blockchains and 1M+ assets.

Unfortunately, Binance is not available in the United States, and Americans can only trade on Binance.US, a Binance version that’s compatible with U.S. regulation.

How to Register on Binance

Firstly, click on the button below to register with Binance, it’s free and easy

Sign up on Binance

To get started, just enter your email address, create a password for your account and click [Create Account].

Your password should be a combination of numbers and letters. It should contain at least 8 characters, 1 upper case letter and 1 number for security.

For security verification, drag the puzzle piece to the right until it fits into its slot.

A 6-digit code will be sent to you via email. Enter it in the next screen.

Finally, you will reach the Welcome to Binance screen. This screen will outline some of the core features.

Step 2: Verify Your Account

Verification is a process used by exchanges to establish the identity of customers. It is necessary for any kind of financial transaction, especially those with higher levels of security or legitimacy. Any user who wants to trade crypto on exchanges must go through verification.

For new users, you may click [Get verified] on the homepage directly.

Click [Start Now] to verify your account.

Select your country (In your case New Zealand) of residence. You will then see the list of verification requirements for your country. Click [Continue].

Enter your personal information and click [Continue].

Next, you will need to upload pictures of your ID documents. Most users can choose to verify with a passport, ID card, or driver’s license.

After uploading the document photos, the system will ask for a selfie. Click [Upload File] to upload an existing photo from your computer.

After that, the system will ask you to complete face verification. Click [Continue] to finish face verification on your computer.

After you complete the process, please wait for Binance to review your data promptly. Once your application has been verified, Binance will send you an email notification.

Cryptocurrencies and blockchain continue to be favored targets for criminal activity. The ability to make anonymous transactions can allow criminals to engage in financial transactions with more impunity. KYC protocols and identity verification is an essential element for policing the market and protecting crypto investors from theft.

Step 3: Fund Your Account and buy Dai

To invest in Dai, you’ll need to deposit some money into your account.

Log in to your account, head over to the “Buy Crypto” section on the Binance toolbar, and choose the “Credit/Debit Card” option.

Select Dai and enter your order amount. The total price with fees will be calculated in the second bar.

After that, you will be prompted to enter your card details and after confirmation, you will finally buy your first Dai. Usually, it will take between 10 and 30 minutes for the crypto to appear in your Binance account.

How to Save 40% on Fees When Buying Dai

One way you can lower your trading fee is by keeping some Binance Coin in your account at all times so your fees can be taken from that. Doing this gets you 25% off all trading fees.

Also, don`t forget to use our unique registration link and get a 15% discount on fees on Binance.

In total, you get a 40% discount on all transaction fees!

Alternative ways to buy Dai

If you were unable to buy Dai on the exchange using NZD, you can buy it using another cryptocurrency, such as Bitcoin. You can always buy BTC for the first time using platforms such as LocalBitcoins, then transfer your BTC to a Binance to buy Dai. In this case, you can further reduce costs.

Below are a few of the sellers in the New Zealand who sell bitcoins with NZD.

SellerPayment method Information
KevinkrodriTRANSFERWISEONLY OWNERS / SOLO TITULARES Wise to Wise Fast and safe trade, if you are not a holder, refrain from trading. No Third party accepted. Your Local Bitcoins username must be the same as wise. I will release your the bitcoin after i have received your payment. Good deals! Comercio rápido y seguro, si no es titular absténgase de comerciar. No se aceptan terceros. Su usuario de Local Bitcoins debe ser el mismo de wise. Liberare los bitcoins después de confirmar que el pago ha sido recibido.
sassy337TRANSFERWISEMake transfer using transferwise to M-PESA(mobile wallet) in Kenya. WhatsApp/Telegram +254728522762 in case offline here.
madziaszyman88PAYPALgoods and service

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Joseph Smith

CEO CoinStudy.io