How to Buy cDAI (CDAI) in Hungary

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

Step 1 – Join CEX.io

In the beginning you'll need to purchase one of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

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

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

Step 3 – Find cDAI (CDAI)

Once your deposit has been affirmed, you'll instantly have access to your assets and you can commence purchasing and trading. To purchase cDAI (CDAI) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To spot (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search-box, which is marked in the image. Be certain of having selected the proper grouping, we've marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Buying cDAI (CDAI)

Once you've found (CDAI) cDAI, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The “Price” field will be automatically filled with the recent valuation cDAI (CDAI) was traded for. This can be changed to your preferred rate. The “Amount” field is the volumen of CDAI you want to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole amount of CDAI.

If you are happy, click on “Buy CDAI”. Your order will be filled when a Seller sells their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you are frequently trading, you should never keepyour coins on an Crypto Trader for an longer period of time. In order to take off your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Put into the amount of (CDAI) cDAI you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you are happy, click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.

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

That's it!

Withdrawals from Crypto Exchange can durate between 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 stored within your wallet, you're done.