How to Buy cDAI (CDAI) in New Zealand

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to purchase one of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and getting your first $10.

Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto 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. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you have selected the right coin you wish to deposit.

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

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been confirmed, you will immediately have access to your assets and you can begin purchasing and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

To discover (CDAI) cDAI, you will need to put the short name of the asset (CDAI) into the search box, which is highlighted in the picture. Be certain of having selected the proper grouping, we've highlighted this also. Click on “CDAI/BTC” to proceed.

Step 4 – Purchase (CDAI) cDAI

Once you've discovered (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we are going to create our Limit Order.

The “Price” field will be filled with the recent price (CDAI) cDAI was traded for. This can be changed to your preferred price. The “Amount” field is the amount of CDAI you want to purchase. The “Total” field is the aggregated price in BTC that you will settle for the complete amount of CDAI.

If you're satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled when a Vendor trades their CDAI for the price you submitted.

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive period of time. 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)

Locate cDAI (CDAI) by using the provided drop-down box. Drop in the volumen of (CDAI) cDAI you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

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

Congrats! You have successfully bought and stored (CDAI) cDAI in New Zealand.

That's it!

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