How to Buy cDAI (CDAI) in Malaysia

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Funds to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. cDAI (CDAI) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

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

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

Step 3 – Find (CDAI) cDAI

Once your deposit has been affirmed, you will now have access to your assets and you can begin invest and trading. To invest in (CDAI) cDAI on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

To spot cDAI (CDAI), you will need to insert the short name of the asset (CDAI) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we've marked this also. Click on “CDAI/BTC” to go on.

Step 4 – Buying (CDAI) cDAI

Once you have located cDAI (CDAI), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the most latest rate cDAI (CDAI) was sold for. This can be changed to your desired rate. The “Amount” field is the volumen of CDAI you want to buy. The “Total” field is the whole price in BTC that you'll settle for the whole amount of CDAI.

When you are happy, click on “Buy CDAI”. Your order will be filled as soon as a Vendor trades their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

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

Locate (CDAI) cDAI by using the given drop-down box. Drop in the volumen of cDAI (CDAI) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

If you are glad, click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully bought and safed cDAI (CDAI) in Malaysia.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored within your wallet, you are done.