How to Buy cDAI (CDAI) in Saint Martin

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

Step 1 – Join Coinbase – Get Free $10

You will first need to buy units of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and receive your first 10$.

Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate cDAI (CDAI)

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

In order to discover (CDAI) cDAI, you'll need to insert the shortname of the coin (CDAI) into the search-box, which is highlighted in the picture. Make sure you have selected the correct grouping, we have highlighted this also. Click on “CDAI/BTC” to continue.

Step 4 – Buying (CDAI) cDAI

Once you've spotted (CDAI) cDAI, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to make our Limit Order.

The “Price” field will be filled with the most latest valuation cDAI (CDAI) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of CDAI you like to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of CDAI.

If you are satisfied, make a mouse click on “Buy CDAI”. Your order 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 your coins on an Crypto Exchange for an longer time frame. In order to take off your cDAI (CDAI), hover over the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Drop in the amount of cDAI (CDAI) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address.

If you are happy, click “Submit”. You may be asked for phone/email verification ahead of a withdrawal.

Congrats! You have successfully purchased and stored cDAI (CDAI) in Saint Martin.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you're done.