How to Buy cDAI (CDAI) in Curaçao

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

Step 1 – Join Kraken

You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and receive your welcome Ethereum or Bitcoin.

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

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

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been verified, you'll immediately have access to your finances and you can start purchasing and trading. To invest in (CDAI) cDAI on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To find cDAI (CDAI), you'll need to insert the cointype (CDAI) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we've highlighted this too. Click on “CDAI/BTC” to continue.

Step 4 – Purchase cDAI (CDAI)

As soon as you've spotted cDAI (CDAI), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price cDAI (CDAI) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the amount of CDAI you like to purchase. The “Total” field is the total price in Bitcoin that you'll settle for the whole volumen of CDAI.

If you are satisfied, click on “Buy CDAI”. Your order will be filled when a Vender sells their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, you should never keepyour crypto on an Exchange for an longer time period. In order to take off your (CDAI) cDAI, hover over the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Drop in the volumen of (CDAI) cDAI you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you are glad, click “Submit”. You could be requested for verfication via email/phone before a withdrawal.

Kudos! You've successfully purchased and stored (CDAI) cDAI in Curaçao.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe within your wallet, you're done.