A Step-by-Step-Guide on how to buy cDAI (CDAI) in Germany
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your first 10$.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. cDAI (CDAI) 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 Crypto Exchange? (Just follow this manual) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate cDAI (CDAI) Once your deposit has been affirmed, you'll immediately have access to your funds and you can launch purchasing and trading. To buy cDAI (CDAI) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. In order to locate (CDAI) cDAI, you'll need to put the shortname of the coin (CDAI) into the search box, which is highlighted in the picture. Make sure you have selected the correct grouping, we have highlighted this also. Click on “CDAI/BTC” to proceed.
Step 4 – Purchase cDAI (CDAI) As soon as you've spotted cDAI (CDAI), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are making our Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate (CDAI) cDAI was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of CDAI you like to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete amount of CDAI. If you're glad, click on “Buy CDAI”. Your plan will be filled as soon as a Vender trades their CDAI for the price you offered.
Step 5 – Withdraw cDAI (CDAI) Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer time period. In order to take off your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find cDAI (CDAI) by using the given drop-down box. Put into the amount of cDAI (CDAI) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, click “Submit”. You could be asked for email/phone verification ahead of a take off.