How to Buy cDAI (CDAI) in Italy

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

Step 1 – Join CEX.io

In the beginning you'll need to purchase one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find cDAI (CDAI)

Once your deposit has been approved, you will instantly have access to your funds and you can start invest and trading. To buy (CDAI) cDAI on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

To discover (CDAI) cDAI, you will need to put the cointype (CDAI) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “CDAI/BTC” to progress.

Step 4 – Purchase cDAI (CDAI)

As soon as you've spotted (CDAI) cDAI, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are making our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date price (CDAI) cDAI was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of CDAI you wish to buy. The “Total” field is the aggregated price in BTC that you'll pay for the whole volumen of CDAI.

If you're happy, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vendor trades their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, you should never keepyour crypto on an Exchange for an extensive period of time. To take off your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Enter the quantity of cDAI (CDAI) you would like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

If you are satisfied, click on “Submit”. You could be asked for phone/email verification before a take off.

Kudos! You've successfully purchased and safed (CDAI) cDAI in Italy.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored in your wallet, you're all done.