How to Buy cDAI (CDAI) in Kosovo

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. cDAI (CDAI) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you've chosen the right 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 guide).

Step 3 – Locate cDAI (CDAI)

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

To discover (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we have marked this too. Click on “CDAI/BTC” to advance.

Step 4 – Purchase (CDAI) cDAI

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

The field with the “Price” tag will be filled with the most recent price cDAI (CDAI) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of CDAI you wish to buy. The “Total” field is the aggregated price in BTC that you will pay for the complete volumen of CDAI.

If you are happy, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Vender trades their CDAI for the price you submitted.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, never keep your coins on an Crypto Exchange for an extended period of time. In order to withdraw your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Drop in the volumen of cDAI (CDAI) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

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

Congratulations! You have successfully purchased and stored cDAI (CDAI) in Kosovo.

That's it!

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