How to Buy cDAI (CDAI) in Israel

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

Step 1 – Join CEX.io

You'll first need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and to get your welcome Ethereum or 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 Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been affirmed, you'll immediately have access to your assets and you can begin invest and trading. To invest in (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 locate 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 choosen the right pairing, we have highlighted this also. Click on “CDAI/BTC” to advance.

Step 4 – Purchasing cDAI (CDAI)

After you've found cDAI (CDAI), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are making our Limit Order.

The field with the “Price” tag will be filled with the latest rate cDAI (CDAI) was sold for. This can be changed to your preferred price. The “Amount” field is the amount of CDAI you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of CDAI.

When you're satisfied, click on “Buy CDAI”. Your plan will be filled when a Vender sells their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, never keep your coins on an Exchange for an longer period of time. In order to take off your cDAI (CDAI), hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Put into the quantity of cDAI (CDAI) you would like to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address.

If you're happy, click “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Kudos! You have successfully purchased and stored (CDAI) cDAI in Israel.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you're all done.