How to Buy cDAI (CDAI) in Portugal

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase one of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been approved, you'll directly have access to your finances and you can start buying and trading. To buy cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

To spot (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search-box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “CDAI/BTC” to proceed.

Step 4 – Acquisition of cDAI (CDAI)

As soon as you have spotted (CDAI) cDAI, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent price cDAI (CDAI) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of CDAI you want to purchase. The “Total” field is the whole price in Bitcoin that you'll pay for the whole quantity of CDAI.

If you are satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Vendor trades their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, you should never keepyour crypto coins on an Exchange for an longer period of time. In order to take off your (CDAI) cDAI, hover over the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Put into the volumen of (CDAI) cDAI you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.

Congratulations! You've successfully purchased and safed cDAI (CDAI) in Portugal.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your take off with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe within your wallet, you are done.