How to Buy cDAI (CDAI) in Bulgaria

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

Step 1 – Join Coinbase – Get Free $10

You'll first need to buy one of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and to get your first $10.

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

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

Make sure you've chosen the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. 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 affirmed, you'll now have access to your assets and you can initiate invest and trading. To buy (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

To spot cDAI (CDAI), you will need to put the cointype (CDAI) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've highlighted this also. Click on “CDAI/BTC” to continue.

Step 4 – Purchasing cDAI (CDAI)

Once you've located cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are creating our own Limit Order.

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

When you're happy, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Seller trades their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Enter the quantity of (CDAI) cDAI you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address.

If you're happy, click on “Submit”. You may be requested for phone/email verification before a take off.

Kudos! You have successfully purchased and stored (CDAI) cDAI in Bulgaria.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored in your wallet, you are finished.