How to Buy cDAI (CDAI) in Ireland

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

Step 1 – Join Kraken

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

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. 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 have selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been approved, you'll immediately have access to your assets and you can start purchasing and trading. To purchase (CDAI) cDAI on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find (CDAI) cDAI, you will need to put the cointype (CDAI) into the search-box, which is marked in the picture. Be certain of having choosen the proper grouping, we have marked this too. Click on “CDAI/BTC” to progress.

Step 4 – Buying (CDAI) cDAI

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

The field with the “Price” tag will be filled with the most latest valuation cDAI (CDAI) was traded for. This can be changed to your desired price. The “Amount” field is the volumen of CDAI you like to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the complete quantity of CDAI.

When you're happy, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Vender trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, best advise is not to keep crypto on an Exchange for an extensive period of time. 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 given drop-down box. Drop in the quantity of (CDAI) cDAI you'd like to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you're satisfied, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Kudos! You've successfully purchased and stored (CDAI) cDAI in Ireland.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored in your wallet, you're done.