How to Buy cDAI (CDAI) in Anguilla

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

Step 1 – Signup to CEX.io

You will first need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you have chosen the exact coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find cDAI (CDAI)

Once your deposit has been verified, you'll instantly have access to your funds and you can begin purchasing and trading. To invest in cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To discover (CDAI) cDAI, you'll need to put the shortname of the coin (CDAI) into the search-box, which is highlighted in the graphic. Make sure you have selected the right grouping, we've highlighted this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Buy cDAI (CDAI)

As soon as you have discovered cDAI (CDAI), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the latest valuation (CDAI) cDAI was sold for. This can be changed to your favoured price. The “Amount” field is the amount of CDAI you want to purchase. The “Total” field is the total price in Bitcoin that you will settle for the whole quantity of CDAI.

If you're happy, make a mouse 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 regularly trading, you should never keepyour coins on an Crypto Exchange for an extended time frame. To withdraw your (CDAI) cDAI, hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Drop in the volumen of cDAI (CDAI) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

When you're satisfied, click on “Submit”. You may be asked for phone/email verification before a withdrawal.

Congrats! You've successfully purchased and stored (CDAI) cDAI in Anguilla.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe inside your wallet, you are all done.