A Step-by-Step-Guide on how to buy cDAI (CDAI) in Malta
Step 1 – Join Kraken You will first need to purchase units of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin or Ethereum has 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. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate cDAI (CDAI) As soon as your deposit has been verified, you'll immediately have access to your finances and you can commence buying and trading. To buy (CDAI) cDAI on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To find (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we've marked this also. Click on “CDAI/BTC” to go ahead.
Step 4 – Purchase (CDAI) cDAI After you've spotted (CDAI) cDAI, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're creating our own Limit Order. The “Price” field will be filled with the most latest price cDAI (CDAI) was traded for. You can change this to your preferred rate. The “Amount” field is the volumen of CDAI you like to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole quantity of CDAI. If you're glad, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Vender sells their CDAI for the price you submitted.
Step 5 – Withdraw (CDAI) cDAI Unless you are regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your (CDAI) cDAI, hover over the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find cDAI (CDAI) by using the given drop-down box. Enter the amount of (CDAI) cDAI you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you are glad, click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.