How to Buy cDAI (CDAI) in Norway

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

Step 1 – Join Kraken

You will first need to buy one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first Bitcoin or Ethereum.

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

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

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find cDAI (CDAI)

Once your deposit has been approved, you'll immediately have access to your assets and you can initiate purchasing and trading. To buy cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

To locate (CDAI) cDAI, you will need to put the short name of the asset (CDAI) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we've highlighted this also. Click on “CDAI/BTC” to go on.

Step 4 – Purchase (CDAI) cDAI

As soon as you have found (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we are making our Limit Order.

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

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time frame. In order to take off your cDAI (CDAI), hover over the tab called “Funds” 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 given drop-down box. Put into the amount of cDAI (CDAI) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.

Kudos! You have successfully bought and safed (CDAI) cDAI in Norway.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored within your wallet, you're done.