How to Buy cDAI (CDAI) in Northern Mariana Islands

A Step-by-Step-Guide on how to buy cDAI (CDAI) in Northern Mariana Islands

Step 1 – Join Kraken

You'll first need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been confirmed, you'll immediately have access to your assets and you can begin buying and trading. To purchase (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to discover cDAI (CDAI), you will need to put the shortname of the coin (CDAI) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we've highlighted this too. Click on “CDAI/BTC” to continue.

Step 4 – Buying (CDAI) cDAI

After you have discovered (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are making our Limit Order.

The “Price” field will be filled automatically with the recent tariff cDAI (CDAI) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of CDAI you want to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete volumen of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, best advise is not to keep your coins on an Crypto Trader for an extended period of time. In order to withdraw your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Drop in the amount of cDAI (CDAI) you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

When you are happy, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Congrats! You've successfully purchased and stored (CDAI) cDAI in Northern Mariana Islands.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored in your wallet, you are all done.