How to Buy cDAI (CDAI) in Indonesia

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

Step 1 – Join CEX.io

You'll first need to purchase units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you've chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can start invest and trading. To purchase cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

In order to discover (CDAI) cDAI, you'll need to put the short name of the asset (CDAI) into the search box, which is marked in the graphic. Be certain of having selected the right pairing, we have marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Buy cDAI (CDAI)

As soon as you've found (CDAI) cDAI, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are creating our own Limit Order.

The “Price” field will be automatically filled with the recent valuation cDAI (CDAI) was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of CDAI you want to purchase. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete quantity of CDAI.

If you are glad, click on “Buy CDAI”. Your plan will be filled when a Vendor trades their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

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

Locate cDAI (CDAI) by using the given drop-down box. Drop in the volumen of (CDAI) cDAI you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

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

Congratulations! You have successfully bought and stored (CDAI) cDAI in Indonesia.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). Once you've proved your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored in your wallet, you are all done.