A Step-by-Step-Guide on how to buy cDAI (CDAI) in Fiji
Step 1 – Join Kraken In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum or Bitcoin 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 funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you have chosen the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate (CDAI) cDAI Once your deposit has been verified, you will now have access to your finances and you can launch buying and trading. To buy (CDAI) cDAI on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to discover cDAI (CDAI), you will need to put the cointype (CDAI) into the search-box, which is marked in the image. Be certain of having choosen the correct grouping, we have marked this too. Click on “CDAI/BTC” to proceed.
Step 4 – Purchase cDAI (CDAI) After you have spotted (CDAI) cDAI, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most recent valuation (CDAI) cDAI was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of CDAI you want to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the whole volumen of CDAI. When you are satisfied, click on “Buy CDAI”. Your order will be filled when a Seller sells their CDAI for the price you introduced.
Step 5 – Withdraw cDAI (CDAI) Unless you're regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (CDAI) cDAI by using the given drop-down box. Enter the amount of (CDAI) cDAI you'd like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, click “Submit”. You may be asked for phone/email verification ahead of a take off.