How to Buy cDAI (CDAI) in San Marino

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

Step 1 – Join Kraken

You'll first need to buy one of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find cDAI (CDAI)

Once your deposit has been confirmed, you'll now have access to your assets and you can initiate purchasing and trading. To buy (CDAI) cDAI on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To find (CDAI) cDAI, you will need to insert the short name of the asset (CDAI) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “CDAI/BTC” to proceed.

Step 4 – Purchase cDAI (CDAI)

As soon as you have found cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to make our Limit Order.

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

When you are glad, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vender trades their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your cDAI (CDAI), hover over the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Drop in the amount of (CDAI) cDAI you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address.

When you're happy, click “Submit”. You could be asked for verfication via email/phone before a take off.

Congrats! You've successfully bought and safed cDAI (CDAI) in San Marino.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe inside your wallet, you're all done.