How to Buy cDAI (CDAI) in Aruba

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

Step 1 – Join Kraken

You'll first need to purchase one of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. 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 Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have selected the exact coin you want to deposit.

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

Step 3 – Locate cDAI (CDAI)

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

To find (CDAI) cDAI, you'll need to put the cointype (CDAI) into the search-box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this also. Click on “CDAI/BTC” to go on.

Step 4 – Purchasing cDAI (CDAI)

Once you have found cDAI (CDAI), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're creating our Limit Order.

The field with the “Price” tag will be filled automatically with the recent price (CDAI) cDAI was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of CDAI you want to purchase. The “Total” field is the aggregated price in Bitcoin that you'll settle for the whole volumen of CDAI.

If you are happy, click on “Buy CDAI”. Your plan will be filled when a Seller trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Put into the amount of cDAI (CDAI) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

If you are glad, click “Submit”. You may be requested for phone/email verification before a withdrawal.

Kudos! You have successfully purchased and stored cDAI (CDAI) in Aruba.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored inside your wallet, you're finished.