How to Buy cDAI (CDAI) in Sint Maarten

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

Step 1 – Join Kraken

You'll first need to purchase one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate cDAI (CDAI)

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

In order to discover cDAI (CDAI), you will need to insert the short name of the asset (CDAI) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we've highlighted this too. Click on “CDAI/BTC” to progress.

Step 4 – Buying cDAI (CDAI)

Once you've spotted (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled with the most latest rate (CDAI) cDAI was traded for. You can change this to your preferred price. The “Amount” field is the amount of CDAI you wish to purchase. The “Total” field is the total price in BTC that you will pay for the whole amount of CDAI.

When you're satisfied, click on “Buy CDAI”. Your plan will be filled when a Vender trades their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

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

Find cDAI (CDAI) by using the provided drop-down box. Drop in the volumen of cDAI (CDAI) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

If you are satisfied, click on “Submit”. You could be asked for email/phone verification ahead of a take off.

Kudos! You have successfully purchased and safed (CDAI) cDAI in Sint Maarten.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your take off with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe within your wallet, you are done.