How to Buy cDAI (CDAI) in Singapore

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

Step 1 – Signup to Coinbase – Get Free $10

You will first need to buy one of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and to get your first 10$.

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

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

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been confirmed, you will directly have access to your assets and you can commence 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”.

In order to locate (CDAI) cDAI, you will need to insert the shortname of the coin (CDAI) into the search-box, which is highlighted in the image. Be certain of having selected the correct pairing, we have highlighted this also. Click on “CDAI/BTC” to go on.

Step 4 – Buy (CDAI) cDAI

After you've spotted (CDAI) cDAI, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest rate (CDAI) cDAI was sold for. You can change this to your favoured rate. The “Amount” field is the volumen of CDAI you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole quantity of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, best advise is not to keep crypto on an Crypto Trader for an extended time period. In order to withdraw your (CDAI) cDAI, hover over the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Enter the amount of (CDAI) cDAI you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Kudos! You've successfully purchased and stored cDAI (CDAI) in Singapore.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored inside your wallet, you are all done.