How to Buy cDAI (CDAI) in Micronesia

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

Step 1 – Signup to CEX.io

You'll first need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).

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

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

Make sure you have selected the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been approved, you'll instantly have access to your funds and you can initiate purchasing and trading. To invest in (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

To locate (CDAI) cDAI, you'll need to insert the shortname of the coin (CDAI) into the search-box, which is marked in the picture. Be certain of having selected the proper pairing, we've marked this also. Click on “CDAI/BTC” to go on.

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 picture) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order.

The “Price” field will be filled automatically with the recent tariff cDAI (CDAI) was sold for. You can change this to your favoured price. The “Amount” field is the amount of CDAI you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole quantity of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. To take off your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

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

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe inside your wallet, you are done.