How to Buy cDAI (CDAI) in Philippines

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and to get your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your Funds to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need 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 illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual)

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find cDAI (CDAI)

Once your deposit has been approved, you will now have access to your funds and you can begin invest and trading. To buy cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

In order to spot (CDAI) cDAI, you'll need to put the shortname of the coin (CDAI) into the search box, which is marked in the image. Make sure you have selected the right pairing, we've marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Buy cDAI (CDAI)

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

The “Price” field will be filled automatically with the latest valuation (CDAI) cDAI was traded for. You can change this to your favoured price. The “Amount” field is the amount of CDAI you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete amount of CDAI.

If you're happy, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vender trades their CDAI for the price you submitted.

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extended period of time. To take off your cDAI (CDAI), hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Put into the volumen of cDAI (CDAI) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

If you are glad, click “Submit”. You could be asked for email/phone verification before a withdrawal.

Kudos! You have successfully bought and stored cDAI (CDAI) in Philippines.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe within your wallet, you are done.