How to Buy cDAI (CDAI) in Kiribati

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your first Ethereum or Bitcoin.

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been affirmed, you'll immediately have access to your funds and you can begin buying and trading. To purchase cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

In order to spot (CDAI) cDAI, you will need to insert the short name of the asset (CDAI) into the search box, which is highlighted in the image. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “CDAI/BTC” to advance.

Step 4 – Buy (CDAI) cDAI

Once you've spotted (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 image). Next we're going to create our Limit Order.

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

When you're happy, click on “Buy CDAI”. Your order will be filled when a Seller trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your cDAI (CDAI), hover over the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Drop in the amount of (CDAI) cDAI you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

If you're glad, make a mouse click on “Submit”. You could be requested for phone/email verification before a take off.

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

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe in your wallet, you're all done.