How to Buy cDAI (CDAI)

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

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to buy one of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and to get your first 10 Dollar.

Coinbase Free Bitcoin

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we will use that as an example. Unsure 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, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been verified, you'll directly have access to your finances and you can initiate buying and trading. To buy cDAI (CDAI) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to discover cDAI (CDAI), you'll need to put the cointype (CDAI) into the search box, which is marked in the image. Be certain of having choosen the proper grouping, we've marked this also. Click on “CDAI/BTC” to continue.

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

Once you have found cDAI (CDAI), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest tariff cDAI (CDAI) was traded for. You can change this to your desired rate. The ”Amount” field is the amount of CDAI you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the whole amount of CDAI.

If you're happy, click on “Buy CDAI”. Your order will be filled when a Seller sells their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your (CDAI) cDAI, go to the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Enter the amount of (CDAI) cDAI you'd like to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

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

Binance Withdraw

Congrats! You've successfully purchased and safed (CDAI) cDAI.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored within your wallet, you are done.