How to Buy cDAI (CDAI) in Ireland

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

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to buy units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first $10.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find cDAI (CDAI)

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

To spot (CDAI) cDAI, you'll need to insert the cointype (CDAI) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we have highlighted this also. Click on “CDAI/BTC” to proceed.

Step 4 – Purchase (CDAI) cDAI

Once you have spotted cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our Limit Order.

The “Price” field will be automatically filled with the up-to-date tariff cDAI (CDAI) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of CDAI you wish to purchase. The “Total” field is the whole price in Bitcoin that you'll settle for the whole amount of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an extended time frame. In order to take off your cDAI (CDAI), hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the given drop-down box. Enter the volumen of (CDAI) cDAI you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address.

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

Kudos! You have successfully bought and stored (CDAI) cDAI in Ireland.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe in your wallet, you're done.