How to Buy cDAI (CDAI) in Slovenia

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

Step 1 – Signup to CEX.io

In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

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

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

Step 3 – Find (CDAI) cDAI

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

To spot cDAI (CDAI), you'll need to put the short name of the asset (CDAI) into the search box, which is marked in the image. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “CDAI/BTC” to progress.

Step 4 – Acquisition of cDAI (CDAI)

After you have spotted cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we are making our own Limit Order.

The field with the “Price” tag will be filled with the most recent rate (CDAI) cDAI was traded for. This can be changed to your preferred rate. The “Amount” field is the volumen of CDAI you wish to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the whole volumen of CDAI.

If you're satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled when a Seller sells their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time period. To take off your cDAI (CDAI), go to the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Put into the volumen of (CDAI) cDAI you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address.

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

Congrats! You have successfully bought and safed cDAI (CDAI) in Slovenia.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe in your wallet, you are done.