How to Buy cDAI (CDAI) in Mayotte

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your first Bitcoin or Ethereum.

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

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been confirmed, you will directly have access to your funds and you can start purchasing and trading. To buy cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

To discover cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search box, which is marked in the graphic. Be certain of having selected the right grouping, we've marked this too. Click on “CDAI/BTC” to continue.

Step 4 – Purchasing cDAI (CDAI)

As soon as you've spotted (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the latest valuation cDAI (CDAI) was sold for. You can change this to your preferred price. The “Amount” field is the volumen of CDAI you like to buy. The “Total” field is the whole price in BTC that you'll settle for the complete volumen of CDAI.

If you are glad, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vender sells their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you are regularly trading, you should never keepyour crypto on an Exchange for an extended time frame. In order to take off your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Put into the amount of (CDAI) cDAI you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you're happy, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Congratulations! You've successfully purchased and safed cDAI (CDAI) in Mayotte.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe in your wallet, you are done.