How to Buy cDAI (CDAI) in Netherlands

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

Step 1 – Signup to CEX.io

You will first need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find cDAI (CDAI)

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

In order to locate (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 choosen the proper grouping, we have marked this also. Click on “CDAI/BTC” to advance.

Step 4 – Purchasing cDAI (CDAI)

Once you've located (CDAI) cDAI, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our own Limit Order.

The “Price” field will be filled automatically with the up-to-date valuation cDAI (CDAI) was traded for. You can change this to your desired rate. The “Amount” field is the volumen of CDAI you like to buy. The “Total” field is the total price in BTC that you'll pay for the complete amount of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time period. To withdraw your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Drop in the quantity of (CDAI) cDAI you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you're satisfied, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Congratulations! You've successfully bought and safed (CDAI) cDAI in Netherlands.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, you are finished.