How to Buy cDAI (CDAI) in Greenland

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

Step 1 – Join Kraken

You'll first need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and receive your first Bitcoin or Ethereum.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has 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 funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find (CDAI) cDAI

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

To discover (CDAI) cDAI, you will need to insert the short name of the asset (CDAI) into the search box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we've marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Purchasing cDAI (CDAI)

After you've spotted (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date price cDAI (CDAI) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of CDAI you like to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the whole volumen of CDAI.

When you're glad, make a mouse click on “Buy CDAI”. Your order will be filled when a Vender trades their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, you should never keepyour crypto coins on an Exchange for an extended time frame. To withdraw your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're satisfied, click on “Submit”. You could be asked for email/phone verification before a take off.

Congrats! You've successfully purchased and stored (CDAI) cDAI in Greenland.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored within your wallet, you're done.