How to Buy cDAI (CDAI) in Poland

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and to get your first Bitcoin or Ethereum.

Step 2 – Transmit Your Funds to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you have selected the right coin you would like to deposit.

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

Step 3 – Locate cDAI (CDAI)

Once your deposit has been confirmed, you will immediately have access to your funds and you can initiate buying and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To spot (CDAI) cDAI, you will need to put the cointype (CDAI) into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “CDAI/BTC” to advance.

Step 4 – Purchase (CDAI) cDAI

Once you've spotted (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our own Limit Order.

The “Price” field will be filled with the latest valuation (CDAI) cDAI was traded for. This can be changed to your desired rate. The “Amount” field is the amount of CDAI you want to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the whole amount of CDAI.

If you are satisfied, click on “Buy CDAI”. Your plan will be filled when a Vendor sells their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, never keep your coins on an Crypto Trader for an extended period of time. To withdraw your cDAI (CDAI), go to the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the given drop-down box. Drop in the quantity of (CDAI) cDAI you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

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

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

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored in your wallet, you are all done.