How to Buy cDAI (CDAI) in Saint Pierre And Miquelon

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

Step 1 – Join CEX.io

In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and getting your first Bitcoin or Ethereum.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find (CDAI) cDAI

Once your deposit has been approved, you will instantly have access to your finances and you can start purchasing and trading. To purchase cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To spot (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search box, which is marked in the graphic. Be certain of having selected the right grouping, we've marked this too. Click on “CDAI/BTC” to go on.

Step 4 – Buy (CDAI) cDAI

As soon as you have located (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're making our Limit Order.

The “Price” field will be automatically filled with the most latest tariff cDAI (CDAI) was sold for. You can change this to your desired price. The “Amount” field is the amount of CDAI you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole volumen of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time frame. To withdraw your cDAI (CDAI), hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Put into the volumen of (CDAI) cDAI you would like to take off. Don't forget 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 phone/email verification ahead of a take off.

Congrats! You have successfully purchased and safed (CDAI) cDAI in Saint Pierre And Miquelon.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored within your wallet, you are done.