How to Buy cDAI (CDAI) in New Caledonia

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

Step 1 – Join CEX.io

You will first need to buy units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Funds to an Crypto Exchange

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

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been approved, you'll directly have access to your funds and you can commence invest and trading. To buy (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “CDAI/BTC” to go ahead.

Step 4 – Purchasing cDAI (CDAI)

After you've found (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are going to make our Limit Order.

The field with the “Price” tag will be filled with the up-to-date valuation (CDAI) cDAI was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of CDAI you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole amount of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extended time period. In order to withdraw your cDAI (CDAI), hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Put into the quantity of (CDAI) cDAI you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

If you're happy, click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Congratulations! You have successfully purchased and stored cDAI (CDAI) in New Caledonia.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe inside your wallet, you are done.