How to Buy cDAI (CDAI) in Greece

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

Step 1 – Signup to CEX.io

You'll first need to buy units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and getting your first Ethereum or Bitcoin.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been verified, you'll immediately have access to your finances and you can launch buying and trading. To purchase 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'll need to put the shortname of the coin (CDAI) into the search box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have marked this too. Click on “CDAI/BTC” to progress.

Step 4 – Purchase cDAI (CDAI)

After you've located (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date rate (CDAI) cDAI was traded for. You can change this to your favoured price. The “Amount” field is the quantity of CDAI you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole quantity of CDAI.

If you are glad, click on “Buy CDAI”. Your order will be filled as soon as a Seller trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive time frame. In order to withdraw your cDAI (CDAI), hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're glad, click “Submit”. You could be asked for phone/email verification before a withdrawal.

Congratulations! You've successfully purchased and safed (CDAI) cDAI in Greece.

That's it!

Take offs 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 using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe inside your wallet, you're all done.