How to Buy cDAI (CDAI) in Austria

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

Step 1 – Join CEX.io

You will first need to buy one of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).

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

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

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

Bitcoin 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, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been confirmed, you'll now have access to your finances and you can begin purchasing and trading. To invest in (CDAI) cDAI on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

In order to spot cDAI (CDAI), you'll need to put the short name of the asset (CDAI) into the search box, which is highlighted in the picture. Be certain of having selected the proper pairing, we have highlighted this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Buy cDAI (CDAI)

After you've spotted (CDAI) cDAI, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to create our Limit Order.

The “Price” field will be automatically filled with the most up-to-date valuation cDAI (CDAI) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of CDAI you want to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the whole quantity of CDAI.

When you are glad, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Seller trades their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. To take off your cDAI (CDAI), hover over the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Enter the quantity of (CDAI) cDAI you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

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

Kudos! You've successfully purchased and safed (CDAI) cDAI in Austria.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, you're all done.