A Step-by-Step-Guide on how to buy cDAI (CDAI) in India
Step 1 – Signup to Kraken You'll first need to purchase units of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate (CDAI) cDAI Once your deposit has been affirmed, you will directly have access to your assets and you can launch invest and trading. To buy cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. 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 proper pairing, we've marked this too. Click on “CDAI/BTC” to go ahead.
Step 4 – Buy (CDAI) cDAI After you have discovered cDAI (CDAI), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our own Limit Order. The “Price” field will be filled automatically with the most latest valuation cDAI (CDAI) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of CDAI you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of CDAI. When you are satisfied, click on “Buy CDAI”. Your order will be filled as soon as a Seller sells their CDAI for the price you introduced.
Step 5 – Withdraw cDAI (CDAI) Unless you are frequently trading, never keep your crypto on an Crypto Trader for an extensive period of time. In order to withdraw your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored securely 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 like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. If you're glad, click “Submit”. You may be asked for phone/email verification before a withdrawal.