A Step-by-Step-Guide on how to buy cDAI (CDAI) in Solomon Islands
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate (CDAI) cDAI As soon as your deposit has been verified, you'll directly have access to your finances and you can initiate buying and trading. To buy cDAI (CDAI) on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To find cDAI (CDAI), you will need to put the short name of the asset (CDAI) into the search-box, which is highlighted in the image. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “CDAI/BTC” to go on.
Step 4 – Purchasing (CDAI) cDAI Once you have discovered cDAI (CDAI), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date valuation (CDAI) cDAI was traded for. You can change this to your preferred rate. The “Amount” field is the volumen of CDAI you like to buy. The “Total” field is the whole price in Bitcoin that you'll pay for the complete volumen of CDAI. When you are satisfied, click on “Buy CDAI”. Your order will be filled when a Seller trades their CDAI for the price you submitted.
Step 5 – Withdraw cDAI (CDAI) Unless you're trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time period. In order to withdraw your cDAI (CDAI), go to the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find cDAI (CDAI) by using the given drop-down box. Drop in the volumen of cDAI (CDAI) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click “Submit”. You could be requested for phone/email verification before a take off.