How to Buy cDAI (CDAI) in Reunion

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

Step 1 – Join Kraken

You'll first need to buy one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been approved, you'll instantly have access to your funds and you can launch invest and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

In order to discover cDAI (CDAI), you will need to insert the cointype (CDAI) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we have marked this also. Click on “CDAI/BTC” to proceed.

Step 4 – Acquisition of cDAI (CDAI)

Once you have spotted cDAI (CDAI), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to make our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date tariff (CDAI) cDAI was sold for. You can change this to your desired price. The “Amount” field is the volumen of CDAI you want to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole quantity of CDAI.

If you're satisfied, make a mouse 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 are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Put into the volumen of (CDAI) cDAI you'd like to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.

When you're glad, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congrats! You've successfully purchased and safed (CDAI) cDAI in Reunion.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored within your wallet, you are all done.