How to Buy cDAI (CDAI) in Japan

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

Step 1 – Join Kraken

You'll first need to buy one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and receive your first Ethereum or Bitcoin.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find (CDAI) cDAI

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

To find (CDAI) cDAI, you will need to insert the cointype (CDAI) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've highlighted this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Buy cDAI (CDAI)

Once you've discovered cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the latest valuation cDAI (CDAI) was traded for. You can change this to your desired rate. The “Amount” field is the volumen of CDAI you wish to buy. The “Total” field is the total price in Bitcoin that you will pay for the complete amount of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time frame. To withdraw your cDAI (CDAI), hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Enter the volumen of cDAI (CDAI) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

If you're glad, click on “Submit”. You may be asked for phone/email verification before a take off.

Congratulations! You've successfully purchased and safed (CDAI) cDAI in Japan.

That's it!

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