A Step-by-Step-Guide on how to buy cDAI (CDAI) in Cook Islands
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto 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 sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find (CDAI) cDAI As soon as your deposit has been affirmed, you will directly have access to your finances and you can initiate purchasing and trading. To buy cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to find cDAI (CDAI), you will need to put the short name of the asset (CDAI) into the search box, which is marked in the picture. Be certain of having choosen the right grouping, we've marked this also. Click on “CDAI/BTC” to advance.
Step 4 – Buy cDAI (CDAI) As soon as you have found cDAI (CDAI), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are making our Limit Order. The field with the “Price” tag will be filled with the latest rate (CDAI) cDAI was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of CDAI you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete quantity of CDAI. If you're satisfied, click on “Buy CDAI”. Your plan will be filled when a Vendor trades their CDAI for the price you offered.
Step 5 – Withdraw (CDAI) cDAI Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your (CDAI) cDAI, hover over the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate cDAI (CDAI) by using the provided drop-down box. Enter the quantity of cDAI (CDAI) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are happy, click “Submit”. You may be asked for verfication via phone/email before a take off.