How to Buy cDAI (CDAI) in French Guiana

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

Step 1 – Join Kraken

You'll first need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).

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

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

Make sure you've chosen the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find cDAI (CDAI)

Once your deposit has been confirmed, you will instantly have access to your assets and you can commence buying and trading. To invest in cDAI (CDAI) on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

To discover (CDAI) cDAI, you'll need to put the short name of the asset (CDAI) into the search-box, which is marked in the image. Be certain of having selected the right grouping, we've highlighted this too. Click on “CDAI/BTC” to go on.

Step 4 – Buying (CDAI) cDAI

As soon as you have located (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to make our own Limit Order.

The “Price” field will be automatically filled with the most recent tariff cDAI (CDAI) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of CDAI you wish to purchase. The “Total” field is the whole price in BTC that you will pay for the whole quantity of CDAI.

When you are happy, click on “Buy CDAI”. Your order will be filled when a Vender sells their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

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

Find (CDAI) cDAI by using the given drop-down box. Drop in the amount of (CDAI) cDAI you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

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

Kudos! You've successfully purchased and stored (CDAI) cDAI in French Guiana.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored within your wallet, you are finished.