How to Buy cDAI (CDAI) in Russia

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

Step 1 – Signup to CEX.io

In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can begin invest and trading. To buy cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

To discover (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search-box, which is marked in the image. Be certain of having selected the correct pairing, we've highlighted this also. Click on “CDAI/BTC” to advance.

Step 4 – Buy cDAI (CDAI)

As soon as you've located cDAI (CDAI), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order.

The “Price” field will be filled automatically with the latest rate cDAI (CDAI) was traded for. You can change this to your favoured price. The “Amount” field is the volumen of CDAI you like to purchase. The “Total” field is the total price in Bitcoin that you will pay for the whole volumen of CDAI.

If you're glad, make a mouse click on “Buy CDAI”. Your plan will be filled when a Seller sells their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Trader for an longer time period. In order to withdraw your (CDAI) cDAI, hover over the “Funds” tab and mouse 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. Put into the volumen of cDAI (CDAI) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

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

Congratulations! You have successfully purchased and safed cDAI (CDAI) in Russia.

That's it!

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