How to Buy cDAI (CDAI) in Marshall Islands

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

Step 1 – Join CEX.io

You will first need to purchase units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome Bitcoin (BTC) or Ethereum (ETH).

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

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

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find cDAI (CDAI)

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

To find cDAI (CDAI), you'll need to put the short name of the asset (CDAI) into the search box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have marked this too. Click on “CDAI/BTC” to continue.

Step 4 – Purchasing cDAI (CDAI)

Once you've spotted cDAI (CDAI), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're going to create our own Limit Order.

The “Price” field will be filled with the latest price cDAI (CDAI) was traded for. You can change this to your desired rate. The “Amount” field is the volumen of CDAI you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete quantity of CDAI.

When you are glad, click on “Buy CDAI”. Your plan will be filled when a Vendor sells their CDAI for the price you submitted.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, best advise is not to keep coins on an Crypto Trader for an extensive period of time. To withdraw your cDAI (CDAI), hover over the “Funds” tab and mouse 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. Enter the amount of (CDAI) cDAI you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Congrats! You've successfully bought and safed (CDAI) cDAI in Marshall Islands.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe in your wallet, you are finished.