How to Buy cDAI (CDAI) in Bulgaria

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

Step 1 – Join Kraken

You will first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and getting your first Bitcoin or Ethereum.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been affirmed, you will instantly have access to your funds and you can begin invest and trading. To buy (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

In order to spot (CDAI) cDAI, you will need to insert the short name of the asset (CDAI) into the search box, which is marked in the image. Be certain of having selected the correct grouping, we've marked this too. Click on “CDAI/BTC” to go on.

Step 4 – Buying (CDAI) cDAI

After you have discovered (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're going to make our Limit Order.

The “Price” field will be filled with the latest tariff (CDAI) cDAI was sold for. You can change this to your favoured rate. The “Amount” field is the amount of CDAI you want to purchase. The “Total” field is the whole price in BTC that you will pay for the whole quantity of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. In order to withdraw your (CDAI) cDAI, go to the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Enter the volumen of (CDAI) cDAI you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address.

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

Congrats! You have successfully bought and safed cDAI (CDAI) in Bulgaria.

That's it!

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