How to Buy cDAI (CDAI) in Australia

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

Step 1 – Join CEX.io

In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and getting your welcome Ethereum or Bitcoin.

Step 2 – Transmit Your Funds to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find (CDAI) cDAI

Once your deposit has been verified, you will immediately have access to your assets and you can initiate invest and trading. To purchase (CDAI) cDAI on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To find (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search box, which is highlighted in the image. Make sure you have selected the right grouping, we've marked this also. Click on “CDAI/BTC” to continue.

Step 4 – Purchasing (CDAI) cDAI

As soon as you've found (CDAI) cDAI, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date tariff (CDAI) cDAI was traded for. This can be changed to your desired price. The “Amount” field is the volumen of CDAI you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole quantity of CDAI.

When you're satisfied, click on “Buy CDAI”. Your plan will be filled when a Seller trades their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer period of time. To take off your (CDAI) cDAI, hover over the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the given drop-down box. Drop in the amount of (CDAI) cDAI you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you're satisfied, click on “Submit”. You could be requested for email/phone verification ahead of a take off.

Congrats! You have successfully purchased and safed (CDAI) cDAI in Australia.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored in your wallet, you are done.