A Step-by-Step-Guide on how to buy cDAI (CDAI) in Antigua And Barbuda
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you've chosen the precise coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find cDAI (CDAI) Once your deposit has been confirmed, you will instantly have access to your funds and you can commence purchasing and trading. To purchase (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. In order to find cDAI (CDAI), you will need to put the short name of the asset (CDAI) into the search-box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “CDAI/BTC” to continue.
Step 4 – Buy (CDAI) cDAI As soon as you've found cDAI (CDAI), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're going to make our Limit Order. The field with the “Price” tag will be automatically filled with the latest tariff cDAI (CDAI) was sold for. You can change this to your preferred price. The “Amount” field is the volumen of CDAI you wish to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the complete amount of CDAI. When you're glad, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Vender trades their CDAI for the price you gave.
Step 5 – Withdraw cDAI (CDAI) Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer period of time. In order to take off your (CDAI) cDAI, hover over the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate cDAI (CDAI) by using the provided drop-down box. Put into the quantity of (CDAI) cDAI you'd like to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.