How to Buy cDAI (CDAI) in Saint Lucia

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

Step 1 – Join Kraken

You will first need to buy one of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and receive your first Bitcoin or Ethereum.

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

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

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been affirmed, you'll instantly have access to your assets and you can start invest and trading. To buy cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to locate cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we've marked this also. Click on “CDAI/BTC” to advance.

Step 4 – Purchasing cDAI (CDAI)

Once you've located (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're making our own Limit Order.

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

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an extensive period of time. To withdraw your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Put into the quantity of cDAI (CDAI) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

If you are happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a take off.

Congrats! You have successfully bought and stored cDAI (CDAI) in Saint Lucia.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe in your wallet, you are all done.