How to Buy cDAI (CDAI) in Lithuania

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and getting your first Bitcoin or Ethereum.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been confirmed, you'll directly have access to your funds and you can launch invest and trading. To invest in (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

To find (CDAI) cDAI, you will need to put the short name of the asset (CDAI) into the search box, which is marked in the image. Make sure you have selected the right pairing, we have highlighted this also. Click on “CDAI/BTC” to advance.

Step 4 – Purchase (CDAI) cDAI

Once you've found cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're making our Limit Order.

The “Price” field will be filled with the up-to-date price cDAI (CDAI) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of CDAI you like to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the whole quantity of CDAI.

If you're satisfied, click on “Buy CDAI”. Your order will be filled as soon as a Vender sells their CDAI for the price you submitted.

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended period of time. In order to take off your cDAI (CDAI), hover over the tab called “Funds” and mouse 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. Enter the quantity of (CDAI) cDAI you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you're happy, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Congratulations! You have successfully bought and stored cDAI (CDAI) in Lithuania.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe in your wallet, you are all done.