How to Buy cDAI (CDAI) in Georgia

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

Step 1 – Signup to Kraken

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

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

Your Ethereum or Bitcoin will need 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. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been verified, you'll now have access to your funds and you can begin buying and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to discover cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search-box, which is marked in the graphic. Make sure you have selected the proper grouping, we have highlighted this also. Click on “CDAI/BTC” to go on.

Step 4 – Purchase cDAI (CDAI)

As soon as you've located cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date valuation (CDAI) cDAI was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of CDAI you wish to buy. The “Total” field is the aggregated price in BTC that you will settle for the complete amount of CDAI.

If you are happy, make a mouse click on “Buy CDAI”. Your plan will be filled when a Vendor trades their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, best advise is not to keep your coins on an Exchange for an longer time period. To take off your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Enter the volumen of cDAI (CDAI) you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, click on “Submit”. You may be asked for phone/email verification ahead of a take off.

Congratulations! You have successfully purchased and safed cDAI (CDAI) in Georgia.

That's it!

Take offs from Exchange can take between 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 safe within your wallet, you're all done.