How to Buy cDAI (CDAI) in France

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

Step 1 – Signup to CEX.io

In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you've chosen the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been confirmed, you'll immediately have access to your assets and you can begin invest 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 locate (CDAI) cDAI, you will need to put the cointype (CDAI) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we have highlighted this also. Click on “CDAI/BTC” to proceed.

Step 4 – Acquisition of cDAI (CDAI)

Once you have located cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're going to create our Limit Order.

The “Price” field will be automatically filled with the latest price (CDAI) cDAI was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of CDAI you want to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete volumen of CDAI.

If you're happy, make a mouse click on “Buy CDAI”. Your order will be filled when a Vendor sells their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, best advise is not to keep your coins on an Exchange for an extended time frame. To withdraw your (CDAI) cDAI, go to the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Enter the quantity of (CDAI) cDAI you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Congrats! You've successfully purchased and safed (CDAI) cDAI in France.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe inside your wallet, you're all done.