How to Buy cDAI (CDAI) in Luxembourg

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

Step 1 – Signup to CEX.io

You'll first need to purchase one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).

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

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

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been verified, you will immediately have access to your assets and you can begin purchasing and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search box, which is marked in the graphic. Be certain of having selected the right grouping, we've marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Buy cDAI (CDAI)

As soon as you have spotted (CDAI) cDAI, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date rate (CDAI) cDAI was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of CDAI you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole amount of CDAI.

If you're glad, click on “Buy CDAI”. Your plan will be filled when a Vendor trades their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended period of time. In order to take off your cDAI (CDAI), hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Drop in the volumen of cDAI (CDAI) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you are happy, click “Submit”. You may be asked for email/phone verification before a take off.

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

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe in your wallet, you're finished.