How to Buy cDAI (CDAI) in Serbia

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

Step 1 – Join Kraken

You will first need to purchase units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, such as 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 instantly have access to your assets and you can start invest and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

In order to spot (CDAI) cDAI, you will need to put the cointype (CDAI) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we have marked this too. Click on “CDAI/BTC” to advance.

Step 4 – Purchase (CDAI) cDAI

Once you have spotted (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our Limit Order.

The field with the “Price” tag will be filled automatically with the latest price (CDAI) cDAI was traded for. This can be changed to your desired rate. The “Amount” field is the amount of CDAI you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole amount of CDAI.

When you're glad, click on “Buy CDAI”. Your order will be filled when a Vendor trades their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

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

Find (CDAI) cDAI by using the given drop-down box. Drop in the volumen of cDAI (CDAI) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you're satisfied, click “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Congratulations! You've successfully bought and safed cDAI (CDAI) in Serbia.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you are done.