How to Buy cDAI (CDAI) in Slovakia

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

Step 1 – Join Kraken

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

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've selected the precise coin you want to deposit.

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

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been verified, you will instantly have access to your assets and you can begin purchasing and trading. To purchase (CDAI) cDAI on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

To locate (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search box, which is marked in the picture. Be certain of having choosen the right grouping, we have marked this too. Click on “CDAI/BTC” to continue.

Step 4 – Acquisition of (CDAI) cDAI

As soon as you've spotted (CDAI) cDAI, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order.

The “Price” field will be filled with the latest price cDAI (CDAI) was traded for. This can be changed to your desired price. The “Amount” field is the volumen of CDAI you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete quantity of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive period of time. In order to take off your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Enter the volumen of cDAI (CDAI) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you're happy, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Congrats! You have successfully purchased and safed (CDAI) cDAI in Slovakia.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored in your wallet, you are finished.