How to Buy cDAI (CDAI) in Finland

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

Step 1 – Join Kraken

You'll first need to purchase one of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find (CDAI) cDAI

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

To locate cDAI (CDAI), you'll need to put the cointype (CDAI) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we've marked this too. Click on “CDAI/BTC” to progress.

Step 4 – Acquisition of (CDAI) cDAI

As soon as you have found cDAI (CDAI), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to make our Limit Order.

The field with the “Price” tag will be filled with the most recent tariff cDAI (CDAI) was traded for. This can be changed to your preferred rate. The “Amount” field is the quantity of CDAI you like to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of CDAI.

If you are satisfied, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Seller trades their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

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

Locate cDAI (CDAI) by using the provided drop-down box. Put into the amount of cDAI (CDAI) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you're glad, click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Congrats! You've successfully purchased and stored cDAI (CDAI) in Finland.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, you are done.