How to Buy cDAI (CDAI) in Romania

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

Step 1 – Signup to Kraken

You will first need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and getting your first Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. 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 Exchange? (Just follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find cDAI (CDAI)

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

To locate cDAI (CDAI), you will need to insert the cointype (CDAI) into the search-box, which is highlighted in the image. Make sure you have selected the proper pairing, we've marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Buying cDAI (CDAI)

As soon as 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). For now we're going to create our Limit Order.

The “Price” field will be filled with the latest tariff cDAI (CDAI) was sold for. This can be changed to your desired rate. The “Amount” field is the quantity 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 volumen of CDAI.

When you are satisfied, click on “Buy CDAI”. Your order will be filled as soon as a Seller trades their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, best advise is not to keep your crypto coins on an Exchange for an longer period of time. In order to withdraw your cDAI (CDAI), hover over the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Enter the volumen of (CDAI) cDAI you would like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you're satisfied, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

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

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe within your wallet, you're finished.