How to Buy cDAI (CDAI) in South Georgia And South Sandwich Islands

A Step-by-Step-Guide on how to buy cDAI (CDAI) in South Georgia And South Sandwich Islands

Step 1 – Join Kraken

You will first need to purchase units of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting your welcome Ethereum or Bitcoin.

Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency 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 similar. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been verified, you'll directly have access to your funds and you can initiate buying and trading. To buy cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To locate cDAI (CDAI), you'll need to put the short name of the asset (CDAI) into the search box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “CDAI/BTC” to continue.

Step 4 – Purchase cDAI (CDAI)

After you've spotted cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we are creating our Limit Order.

The field with the “Price” tag will be automatically filled with the most recent valuation (CDAI) cDAI was sold for. You can change this to your favoured price. The “Amount” field is the quantity of CDAI you like to purchase. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole amount of CDAI.

When you are happy, make a mouse click on “Buy CDAI”. Your order will be filled when a Vender sells their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time period. 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, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Enter the amount of (CDAI) cDAI you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you're satisfied, click “Submit”. You could be requested for verfication via email/phone before a withdrawal.

Kudos! You've successfully bought and stored cDAI (CDAI) in South Georgia And South Sandwich Islands.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored in your wallet, you're finished.