How to Buy cDAI (CDAI) in Saint Martin

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

Step 1 – Signup to Kraken

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

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been affirmed, you will immediately have access to your funds and you can initiate invest and trading. To buy (CDAI) cDAI on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To discover cDAI (CDAI), you will need to insert the cointype (CDAI) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we've marked this too. Click on “CDAI/BTC” to progress.

Step 4 – Buy (CDAI) cDAI

As soon as you've found cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to make our Limit Order.

The “Price” field will be filled with the most recent tariff cDAI (CDAI) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of CDAI you like to buy. The “Total” field is the total price in Bitcoin that you'll pay for the whole quantity of CDAI.

If you are satisfied, click on “Buy CDAI”. Your plan will be filled as soon as a Vendor sells their CDAI for the price you submitted.

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, best advise is not to keep your crypto on an Exchange for an longer time period. To take off your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are glad, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

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

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe within your wallet, you are done.