How to Buy cDAI (CDAI) in Saint Kitts And Nevis

A Step-by-Step-Guide on how to buy cDAI (CDAI) in Saint Kitts And Nevis

Step 1 – Signup to Kraken

You will first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange

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

Make sure you have selected the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find cDAI (CDAI)

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

To spot cDAI (CDAI), you will need to insert the cointype (CDAI) into the search box, which is highlighted in the picture. Be certain of having selected the correct pairing, we have highlighted this also. Click on “CDAI/BTC” to continue.

Step 4 – Acquisition of (CDAI) cDAI

After you have spotted cDAI (CDAI), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent rate (CDAI) cDAI was traded for. You can change this to your desired rate. 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 will settle for the complete amount of CDAI.

When you're satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Seller trades their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, best advise is not to keep crypto coins on an Exchange for an extended time period. To take off your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Enter the amount of cDAI (CDAI) you'd like to take off. Don't forget the presented minimus/fees. 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 email/phone ahead of a withdrawal.

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

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe inside your wallet, you're all done.