How to Buy cDAI (CDAI) in Montenegro

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

Step 1 – Join Kraken

You'll first need to purchase units of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you've selected the right coin you wish to deposit.

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

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been confirmed, you'll directly have access to your funds and you can start invest and trading. To purchase cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To find cDAI (CDAI), you will need to insert the short name of the asset (CDAI) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we have marked this also. Click on “CDAI/BTC” to advance.

Step 4 – Buy (CDAI) cDAI

Once you've spotted (CDAI) cDAI, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make our Limit Order.

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

When you are glad, click on “Buy CDAI”. Your order will be filled when a Vendor trades their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, best advise is not to keep your coins on an Crypto Exchange for an longer time frame. To withdraw your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Drop in the volumen of (CDAI) cDAI you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

When you are satisfied, click “Submit”. You could be requested for verfication via phone/email before a take off.

Congratulations! You have successfully bought and safed (CDAI) cDAI in Montenegro.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe within your wallet, you are all done.