How to Buy cDAI (CDAI) in Martinique

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

Step 1 – Join Kraken

You'll first need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

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

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

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been verified, you'll directly have access to your finances and you can commence invest and trading. To buy (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To locate cDAI (CDAI), you will need to put the shortname of the coin (CDAI) into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “CDAI/BTC” to go on.

Step 4 – Buy cDAI (CDAI)

As soon as you have spotted (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the latest rate (CDAI) cDAI was traded for. This can be changed to your desired rate. The “Amount” field is the amount of CDAI you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete quantity of CDAI.

When you're happy, click on “Buy CDAI”. Your plan will be filled as soon as a Vendor trades their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you are trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive time frame. To take off your cDAI (CDAI), hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Drop in the volumen of (CDAI) cDAI you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

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

Congrats! You've successfully bought and stored cDAI (CDAI) in Martinique.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe within your wallet, you are all done.