How to Buy cDAI (CDAI) in Malta

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

Step 1 – Signup to Coinbase – Get Free $10

You will first need to purchase one of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and to get your welcome 10 Dollar.

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange 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 example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been approved, you will immediately have access to your assets and you can launch invest and trading. To purchase cDAI (CDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To discover (CDAI) cDAI, you'll need to put the cointype (CDAI) into the search box, which is marked in the graphic. Be certain of having selected the correct grouping, we have highlighted this too. Click on “CDAI/BTC” to continue.

Step 4 – Buy cDAI (CDAI)

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

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

If you are glad, click on “Buy CDAI”. Your plan will be filled when a Seller sells their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time period. In order to take off your (CDAI) cDAI, go to the “Funds” tab 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 provided drop-down box. Drop in the amount of cDAI (CDAI) you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

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

Congrats! You've successfully purchased and stored (CDAI) cDAI in Malta.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe inside your wallet, you are finished.