How to Buy cDAI (CDAI) in Samoa

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and getting your welcome Bitcoin or Ethereum.

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

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

Make sure you have chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been approved, you will directly have access to your finances and you can initiate invest and trading. To buy (CDAI) cDAI on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

To discover (CDAI) cDAI, you will need to put the short name of the asset (CDAI) into the search box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we've highlighted this too. Click on “CDAI/BTC” to progress.

Step 4 – Purchasing cDAI (CDAI)

After you have found cDAI (CDAI), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date tariff cDAI (CDAI) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of CDAI you like to purchase. The “Total” field is the whole price in Bitcoin that you'll settle for the complete volumen of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, best advise is not to keep crypto on an Exchange for an longer time frame. In order to withdraw your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Put into the amount of cDAI (CDAI) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you're satisfied, click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Congratulations! You've successfully bought and stored (CDAI) cDAI in Samoa.

That's it!

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