How to Buy cDAI (CDAI) in Estonia

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and receive your welcome 10$.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find cDAI (CDAI)

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

In order to find (CDAI) cDAI, you'll need to insert the shortname of the coin (CDAI) into the search-box, which is marked in the graphic. Make sure you have selected the right grouping, we've marked this also. Click on “CDAI/BTC” to proceed.

Step 4 – Acquisition of (CDAI) cDAI

As soon as you have found cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent rate (CDAI) cDAI was traded for. You can change this to your preferred rate. The “Amount” field is the amount of CDAI you want to purchase. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete volumen of CDAI.

When you are glad, click on “Buy CDAI”. Your order will be filled as soon as a Vender sells their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, best advise is not to keep crypto on an Exchange for an longer period of time. To withdraw your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Enter the amount of (CDAI) cDAI you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

If you are happy, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

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

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored in your wallet, you're done.