How to Buy cDAI (CDAI) in American Samoa

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

Step 1 – Join CEX.io

You'll first need to buy one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and to get your first Bitcoin or Ethereum.

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you've selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find (CDAI) cDAI

Once your deposit has been verified, you will directly have access to your assets and you can start buying and trading. To buy (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and after that 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 marked in the image. Make sure you have selected the correct pairing, we've marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Acquisition of (CDAI) cDAI

Once you have located cDAI (CDAI), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we are making our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date valuation cDAI (CDAI) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of CDAI you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete amount of CDAI.

When you are happy, make a mouse click on “Buy CDAI”. Your plan will be filled when a Vendor sells their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, best advise is not to keep your coins on an Crypto Trader for an extended time period. In order to withdraw your (CDAI) cDAI, hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Put into the quantity of (CDAI) cDAI you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.

Congratulations! You have successfully purchased and safed cDAI (CDAI) in American Samoa.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe in your wallet, you're done.