A Step-by-Step-Guide on how to buy cDAI (CDAI) in Jordan
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and receive your first 10$.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (CDAI) cDAI As soon as your deposit has been affirmed, you will now have access to your assets and you can begin purchasing and trading. To invest in cDAI (CDAI) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”. In order to discover (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search-box, which is highlighted in the graphic. Make sure you have selected the right grouping, we've highlighted this too. Click on “CDAI/BTC” to go ahead.
Step 4 – Purchase (CDAI) cDAI As soon as you've spotted cDAI (CDAI), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're going to create our Limit Order. The “Price” field will be filled with the recent price (CDAI) cDAI was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of CDAI you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole amount of CDAI. When you are glad, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Seller sells their CDAI for the price you gave.
Step 5 – Withdraw cDAI (CDAI) Unless you are regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (CDAI) cDAI by using the given drop-down box. Drop in the amount of (CDAI) cDAI you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you're satisfied, click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.