How to Buy cDAI (CDAI) in Monaco

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

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and getting your first $10.

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're using 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 finances and you can commence buying and trading. To invest in (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

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

Step 4 – Buy (CDAI) cDAI

Once you've located (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 making our own Limit Order.

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

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, you should never keepyour coins on an Crypto Trader for an longer time period. In order to withdraw your (CDAI) cDAI, hover over the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Put into the quantity of cDAI (CDAI) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you're glad, click “Submit”. You may be asked for phone/email verification before a withdrawal.

Kudos! You've successfully bought and stored cDAI (CDAI) in Monaco.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe inside your wallet, you're done.