A Step-by-Step-Guide on how to buy cDAI (CDAI)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and to get Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps) Make sure you've chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate (CDAI) cDAI As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can start invest and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to find (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search-box, which is highlighted in the image. Be certain of having choosen the right grouping, we've highlighted this too. Click on “CDAI/BTC” to go on.
Step 4 – Purchasing (CDAI) cDAI As soon as you've spotted (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our own Limit Order. The ”Price” field will be filled with the most recent tariff (CDAI) cDAI was traded for. This can be changed to your preferred price. The ”Amount” field is the quantity of CDAI you wish to purchase. The ”Total” field is the whole price in BTC that you will pay for the complete quantity of CDAI. If you are satisfied, click on “Buy CDAI”. Your order will be filled as soon as a Vender sells their CDAI for the price you introduced.
Step 5 – Withdraw (CDAI) cDAI Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended time period. In order to take off your (CDAI) cDAI, go to the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (CDAI) cDAI by using the provided drop-down box. Put into the quantity of (CDAI) cDAI you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification before a withdrawal.