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 Coinbase – Get Free $10

In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome 10 Dollar.

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate (CDAI) cDAI

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

To find (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search-box, which is marked in the image. Be certain of having choosen the proper pairing, we've highlighted this too. Click on “CDAI/BTC” to proceed.

Step 4 – Buying (CDAI) cDAI

As soon as you have found (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our Limit Order.

The “Price” field will be automatically filled with the latest valuation (CDAI) cDAI was sold for. You can change this to your preferred price. The “Amount” field is the volumen of CDAI you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole quantity of CDAI.

If you are happy, 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, you should never keepyour crypto on an Exchange for an extended time period. In order to take off your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Enter the volumen of cDAI (CDAI) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you are happy, click on “Submit”. You could be requested for email/phone verification before a take off.

Congrats! You have successfully bought and stored cDAI (CDAI) in Sint Maarten.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe in your wallet, you are done.