How to Buy cDAI (CDAI) in Saint Barthelemy

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

Step 1 – Signup to CEX.io

You will first need to purchase units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. cDAI (CDAI) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been approved, you'll instantly have access to your funds and you can begin purchasing and trading. To purchase cDAI (CDAI) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

To spot cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search-box, which is marked in the image. Make sure you have selected the proper pairing, we've highlighted this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Buying (CDAI) cDAI

As soon as you have spotted (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to create our Limit Order.

The “Price” field will be filled with the up-to-date tariff (CDAI) cDAI was sold for. You can change this to your preferred rate. The “Amount” field is the amount of CDAI you like to purchase. The “Total” field is the whole price in BTC that you'll pay for the complete quantity of CDAI.

When you are satisfied, click on “Buy CDAI”. Your order will be filled as soon as a Vender trades 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 Exchange for an longer time frame. To take off your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Enter the quantity of (CDAI) cDAI you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

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

Congrats! You've successfully bought and safed (CDAI) cDAI in Saint Barthelemy.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored inside your wallet, you are all done.