How to Buy cDAI (CDAI) in French Polynesia

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and getting your first Ethereum or Bitcoin.

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been verified, you will immediately have access to your finances and you can initiate purchasing and trading. To purchase (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”.

In order to discover (CDAI) cDAI, you'll need to put the shortname of the coin (CDAI) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have marked this too. Click on “CDAI/BTC” to go on.

Step 4 – Buy cDAI (CDAI)

Once you've found cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The “Price” field will be automatically filled with the latest valuation cDAI (CDAI) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of CDAI you wish to buy. The “Total” field is the total price in Bitcoin that you'll pay for the complete quantity of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extensive period of time. In order to take off your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Put into the quantity of (CDAI) cDAI you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

If you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.

Congrats! You have successfully bought and stored cDAI (CDAI) in French Polynesia.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you are done.