How to Buy cDAI (CDAI) in Liechtenstein

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

Step 1 – Join Kraken

You will first need to buy one of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been affirmed, you'll directly have access to your assets and you can commence purchasing and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To spot (CDAI) cDAI, you'll 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 proper pairing, we have marked this too. Click on “CDAI/BTC” to go ahead.

Step 4 – Buying (CDAI) cDAI

After you've spotted cDAI (CDAI), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date tariff cDAI (CDAI) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of CDAI you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of CDAI.

If you are glad, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vender sells their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, you should never keepyour crypto coins on an Crypto Exchange for an longer time period. To withdraw your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Enter the volumen of (CDAI) cDAI you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

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

Congratulations! You've successfully bought and stored cDAI (CDAI) in Liechtenstein.

That's it!

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