How to Buy cDAI (CDAI) in Gibraltar

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

Step 1 – Join CEX.io

You will first need to buy one of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and to get your welcome Bitcoin or Ethereum.

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we're going to 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 selected the exact coin you would like to deposit.

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

Step 3 – Find (CDAI) cDAI

Once your deposit has been affirmed, you will instantly have access to your finances and you can start buying and trading. To invest in cDAI (CDAI) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

To locate cDAI (CDAI), you'll need to put the cointype (CDAI) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Acquisition of (CDAI) cDAI

After you've found cDAI (CDAI), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date valuation (CDAI) cDAI was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of CDAI you wish to purchase. The “Total” field is the total price in Bitcoin that you will pay for the complete amount of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, never keep your crypto on an Exchange for an extensive time frame. To take off your (CDAI) cDAI, go to the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Enter the quantity of cDAI (CDAI) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address.

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

Congratulations! You have successfully bought and stored cDAI (CDAI) in Gibraltar.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe within your wallet, you are all done.