How to Buy cDAI (CDAI) in Singapore

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

Step 1 – Join CEX.io

You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and to get your first Ethereum or Bitcoin.

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

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Find (CDAI) cDAI

Once your deposit has been confirmed, you'll instantly have access to your funds and you can start invest and trading. To invest in cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

To locate (CDAI) cDAI, you'll need to insert the shortname of the coin (CDAI) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we've marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Purchasing (CDAI) cDAI

As soon as you've located (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent price (CDAI) cDAI was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity 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, 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 trading, you should never keepyour crypto coins on an Crypto Trader for an extensive period of time. To take off your cDAI (CDAI), hover over the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for instance 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. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

When you are satisfied, click on “Submit”. You may be requested for email/phone verification ahead of a take off.

Congratulations! You've successfully purchased and safed cDAI (CDAI) in Singapore.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe within your wallet, you're all done.