How to Buy cDAI (CDAI) in Czechia

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

Step 1 – Join Kraken

You will first need to purchase units of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first Bitcoin or Ethereum.

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

Your BTC (Bitcoin) or ETH (Ethereum) 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 will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find cDAI (CDAI)

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

To locate (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search-box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “CDAI/BTC” to continue.

Step 4 – Purchasing (CDAI) cDAI

Once you have spotted (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest tariff (CDAI) cDAI was sold for. You can change this to your preferred rate. The “Amount” field is the amount of CDAI you like to buy. The “Total” field is the total price in BTC that you will settle for the complete quantity of CDAI.

If you are happy, make a mouse click on “Buy CDAI”. Your plan will be filled when a Vender trades their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, you should never keepyour coins on an Crypto Trader for an extensive period of time. To take off your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the given drop-down box. Put into the amount of (CDAI) cDAI you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

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

Congratulations! You've successfully purchased and stored cDAI (CDAI) in Czechia.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you are finished.