How to Buy cDAI (CDAI) in Seychelles

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).

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

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

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been confirmed, you'll instantly have access to your assets and you can commence purchasing and trading. To invest in cDAI (CDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to spot cDAI (CDAI), you will need to put the short name of the asset (CDAI) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we have highlighted this also. Click on “CDAI/BTC” to advance.

Step 4 – Purchase cDAI (CDAI)

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

The “Price” field will be filled with the latest rate (CDAI) cDAI was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of CDAI you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extended period of time. In order to take off your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are glad, click “Submit”. You could be requested for verfication via phone/email before a take off.

Congrats! You have successfully purchased and stored (CDAI) cDAI in Seychelles.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored within your wallet, you're all done.