How to Buy cDAI (CDAI) in Latvia

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive your welcome Ethereum or Bitcoin.

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an 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. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been approved, you'll now have access to your assets and you can commence purchasing and trading. To buy cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

In order to find cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we've highlighted this also. Click on “CDAI/BTC” to continue.

Step 4 – Purchase cDAI (CDAI)

Once you've spotted cDAI (CDAI), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date price cDAI (CDAI) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of CDAI you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole volumen of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an longer time frame. To take off your (CDAI) cDAI, hover over the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Put into the volumen of (CDAI) cDAI you would like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

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

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

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you're finished.