How to Buy cDAI (CDAI) in Niue

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

Step 1 – Signup to CEX.io

You'll first need to purchase one of the major coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. 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 Trader? (Follow this manual)

Make sure you've chosen the exact coin you want to deposit.

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

Step 3 – Find cDAI (CDAI)

Once your deposit has been approved, you will instantly 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 mouse click on “Basic”.

To locate (CDAI) cDAI, you will need to insert the shortname of the coin (CDAI) into the search-box, which is marked in the graphic. Be certain of having selected the proper pairing, we have highlighted this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Purchasing cDAI (CDAI)

Once you've discovered cDAI (CDAI), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are making our own Limit Order.

The “Price” field will be filled with the latest valuation cDAI (CDAI) was sold for. This can be changed to your desired price. The “Amount” field is the amount of CDAI you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of CDAI.

When you are satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled when a Vender sells their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

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

Locate cDAI (CDAI) by using the provided drop-down box. Put into the amount of (CDAI) cDAI you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Congrats! You've successfully purchased and stored (CDAI) cDAI in Niue.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your take off with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe within your wallet, you are finished.