A Step-by-Step-Guide on how to buy cDAI (CDAI) in Belgium
Step 1 – Signup to Kraken You will first need to buy one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has 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 funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find (CDAI) cDAI As soon as your deposit has been approved, you will directly have access to your assets and you can commence buying and trading. To invest in cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. In order to discover cDAI (CDAI), you will need to insert the cointype (CDAI) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we've marked this also. Click on “CDAI/BTC” to go on.
Step 4 – Buying cDAI (CDAI) Once you have found (CDAI) cDAI, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to make our Limit Order. The “Price” field will be automatically filled with the up-to-date rate cDAI (CDAI) was sold for. This can be changed to your favoured price. The “Amount” field is the amount of CDAI you like to purchase. The “Total” field is the total price in BTC that you will settle for the complete amount of CDAI. When you are glad, make a mouse click on “Buy CDAI”. Your plan will be filled when a Vender trades their CDAI for the price you offered.
Step 5 – Withdraw cDAI (CDAI) Unless you are frequently trading, best advise is not to keep your 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) Find (CDAI) cDAI by using the given drop-down box. Enter the quantity of cDAI (CDAI) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a take off.