How to Buy cDAI (CDAI) in Brunei

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you have selected the precise coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate cDAI (CDAI)

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

To locate cDAI (CDAI), you will need to insert the short name of the asset (CDAI) into the search box, which is marked in the picture. Make sure you have choosen the right pairing, we have marked this too. Click on “CDAI/BTC” to advance.

Step 4 – Buying (CDAI) cDAI

After you have found cDAI (CDAI), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are going to create our own Limit Order.

The “Price” field will be filled automatically with the recent valuation (CDAI) cDAI was sold for. This can be changed to your desired price. The “Amount” field is the volumen of CDAI you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of CDAI.

When you're happy, click on “Buy CDAI”. Your plan will be filled as soon as a Seller sells their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, never keep your crypto on an Crypto Trader for an longer time frame. To take off your (CDAI) cDAI, go to the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Put into the volumen of cDAI (CDAI) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You could be asked for phone/email verification before a take off.

Congrats! You've successfully purchased and safed cDAI (CDAI) in Brunei.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored within your wallet, you are done.