How to Buy cDAI (CDAI) in Sao Tome And Principe

A Step-by-Step-Guide on how to buy cDAI (CDAI) in Sao Tome And Principe

Step 1 – Signup to Kraken

You will first need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and getting your first Ethereum (ETH) or Bitcoin (BTC).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide)

Make sure you have chosen the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find cDAI (CDAI)

Once your deposit has been confirmed, you'll now have access to your assets and you can launch invest and trading. To purchase (CDAI) cDAI on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to spot (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we've marked this too. Click on “CDAI/BTC” to advance.

Step 4 – Acquisition of cDAI (CDAI)

As soon as you've discovered cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we are making our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date price cDAI (CDAI) was traded for. You can change this to your preferred rate. The “Amount” field is the volumen of CDAI you wish to purchase. The “Total” field is the total price in Bitcoin that you'll settle for the whole quantity of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, never keep your crypto on an Crypto Exchange for an longer time period. To take off your (CDAI) cDAI, go to the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Put into the quantity of (CDAI) cDAI you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

When you're glad, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Congrats! You have successfully bought and stored cDAI (CDAI) in Sao Tome And Principe.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you are done.