How to Buy cDAI (CDAI)

A Step-by-Step-Guide on how to buy cDAI (CDAI)

Step 1 – Signup to Kraken

You will first need to buy one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and to get ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you have chosen the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find cDAI (CDAI)

Once your deposit has been affirmed, you'll directly have access to your funds and you can commence purchasing and trading. To invest in cDAI (CDAI) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”.

To locate cDAI (CDAI), you'll need to put the shortname of the coin (CDAI) into the search-box, which is marked in the graphic. Be certain of having selected the proper pairing, we have marked this too. Click on “CDAI/BTC” to proceed.

Binance Hot To Buy cDAI (CDAI)
Binance How to Buy (CDAI) cDAI
Step 4 – Purchase cDAI (CDAI)

After you've discovered cDAI (CDAI), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date tariff cDAI (CDAI) was sold for. You can change this to your preferred price. The ”Amount” field is the quantity of CDAI you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete amount of CDAI.

If you're satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Vender trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you are regularly trading, never keep your crypto coins on an Exchange for an longer time frame. To take off your cDAI (CDAI), hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Drop in the quantity of cDAI (CDAI) you'd wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Binance Withdraw

Congratulations! You've successfully bought and stored cDAI (CDAI).

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, you're finished.
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