How to Buy cDAI (CDAI) in Saint Helena

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

Step 1 – Join CEX.io

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

Step 2 – Transfer Your Funds to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency 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. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been confirmed, you'll directly have access to your funds and you can initiate buying and trading. To purchase cDAI (CDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to locate cDAI (CDAI), you'll need to insert the short name of the asset (CDAI) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we have marked this also. Click on “CDAI/BTC” to continue.

Step 4 – Purchase cDAI (CDAI)

Once you've located (CDAI) cDAI, you'll be presented with 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 own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date rate (CDAI) cDAI was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of CDAI you like to purchase. The “Total” field is the total price in Bitcoin that you'll pay for the whole amount of CDAI.

If you're satisfied, click on “Buy CDAI”. Your order will be filled as soon as a Seller sells their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you are trading, best advise is not to keep crypto on an Exchange for an extensive period of time. To withdraw your (CDAI) cDAI, hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored safely 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. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.

Congratulations! You've successfully purchased and stored (CDAI) cDAI in Saint Helena.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored within your wallet, you're done.