How to Buy cDAI (CDAI) in Montserrat

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome Ethereum or Bitcoin.

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been confirmed, you will immediately have access to your funds and you can commence purchasing and trading. To purchase cDAI (CDAI) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To spot 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 choosen the correct grouping, we have marked this too. Click on “CDAI/BTC” to progress.

Step 4 – Purchasing cDAI (CDAI)

Once you have located (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're creating our Limit Order.

The “Price” field will be filled automatically with the latest price (CDAI) cDAI was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of CDAI you like to purchase. The “Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. To take off your (CDAI) cDAI, go to the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Put into the volumen of (CDAI) cDAI you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

If you are glad, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.

Kudos! You've successfully purchased and safed cDAI (CDAI) in Montserrat.

That's it!

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