How to Buy cDAI (CDAI) in Guam

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you've selected the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been approved, you will immediately have access to your funds and you can initiate invest and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to find cDAI (CDAI), you will need to insert the shortname of the coin (CDAI) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we've highlighted this too. Click on “CDAI/BTC” to go on.

Step 4 – Purchasing cDAI (CDAI)

As soon as you have discovered (CDAI) cDAI, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are making our own Limit Order.

The “Price” field will be filled with the most up-to-date price cDAI (CDAI) was sold for. You can change this to your desired rate. The “Amount” field is the quantity of CDAI you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive period of time. To withdraw your (CDAI) cDAI, go to the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Put into the volumen of (CDAI) cDAI you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

When you are satisfied, click on “Submit”. You may be asked for verfication via phone/email before a take off.

Congratulations! You have successfully bought and safed cDAI (CDAI) in Guam.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe in your wallet, you are all done.