A Step-by-Step-Guide on how to buy cDAI (CDAI) in Saint Vincent And The Grenadines
Step 1 – Signup to Kraken You'll first 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 to register and to get your welcome Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find cDAI (CDAI) As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can commence buying and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. To find (CDAI) cDAI, you will need to insert the cointype (CDAI) into the search-box, which is marked in the picture. Be certain of having choosen the proper grouping, we've marked this too. Click on “CDAI/BTC” to go ahead.
Step 4 – Buying cDAI (CDAI) Once you've discovered (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're going to create our own Limit Order. The “Price” field will be automatically filled with the recent valuation (CDAI) cDAI was sold for. You can change this to your favoured price. The “Amount” field is the volumen of CDAI you wish to purchase. The “Total” field is the total price in Bitcoin that you will settle for the complete amount of CDAI. When you're glad, click on “Buy CDAI”. Your order will be filled when a Vendor sells their CDAI for the price you submitted.
Step 5 – Withdraw cDAI (CDAI) Unless you are trading, best advise is not to keep crypto on an Crypto Trader for an longer time period. In order to take off your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (CDAI) cDAI by using the given drop-down box. Drop in the amount of cDAI (CDAI) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.