How to Buy cDAI (CDAI) in Taiwan

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to buy one of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and receive your first $10.

Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have chosen the exact coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been approved, you'll immediately have access to your finances and you can start purchasing and trading. To purchase cDAI (CDAI) on Binance, you'll want to go to theExchangetab and then click onBasic”.

To locate cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search box, which is marked in the graphic. Make sure you have choosen the correct pairing, we have marked this also. Click onCDAI/BTCto progress.

Step 4 – Purchasing (CDAI) cDAI

As soon as you have located (CDAI) cDAI, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're making our Limit Order.

ThePricefield will be filled with the up-to-date rate cDAI (CDAI) was sold for. You can change this to your preferred rate. The field with theAmounttag is the quantity of CDAI you want to buy. TheTotalfield is the total price in BTC that you will pay for the whole volumen of CDAI.

If you're satisfied, make a mouse click onBuy CDAI”. Your plan will be filled as soon as a Seller sells their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your cDAI (CDAI), hover over theFundstab and mouse click onWithdraw”. cDAI (CDAI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the given drop-down box. Enter the volumen of (CDAI) cDAI you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you are happy, clickSubmit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Congratulations! You've successfully bought and safed (CDAI) cDAI in Taiwan.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored within your wallet, you are finished.