A Step-by-Step-Guide on how to buy cDAI (CDAI) in Pitcairn Islands
Step 1 – Signup to Kraken You will first need to purchase one of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Funds to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate cDAI (CDAI) Once your deposit has been approved, you'll immediately have access to your finances and you can commence purchasing and trading. To invest in cDAI (CDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To find cDAI (CDAI), you will need to insert the short name of the asset (CDAI) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have marked this also. Click on “CDAI/BTC” to go on.
Step 4 – Acquisition of (CDAI) cDAI After you've discovered cDAI (CDAI), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order. The “Price” field will be filled with the up-to-date tariff (CDAI) cDAI was traded for. You can change this to your desired price. The “Amount” field is the amount of CDAI you wish to buy. The “Total” field is the aggregated price in BTC that you'll pay for the complete quantity of CDAI. If you're satisfied, click on “Buy CDAI”. Your plan will be filled when a Vender sells their CDAI for the price you submitted.
Step 5 – Withdraw (CDAI) cDAI Unless you're regularly trading, never keep your coins on an Crypto Trader for an extended period of time. To withdraw your cDAI (CDAI), hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (CDAI) cDAI by using the given drop-down box. Drop in the volumen of (CDAI) cDAI you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.