How to Buy cDAI (CDAI) in Spain

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

Step 1 – Join Kraken

You'll first need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and getting your welcome Bitcoin or Ethereum.

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

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been approved, you will now have access to your finances and you can begin invest and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate (CDAI) cDAI, you'll need to insert the shortname of the coin (CDAI) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we've marked this too. Click on “CDAI/BTC” to progress.

Step 4 – Buying (CDAI) cDAI

As soon as you have located (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 image). For now we're going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date rate (CDAI) cDAI was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of CDAI you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of CDAI.

If you are happy, click on “Buy CDAI”. Your plan will be filled as soon as a Seller trades their CDAI for the price you submitted.

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. To take off your (CDAI) cDAI, go to 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. Drop in the amount of cDAI (CDAI) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

When you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Kudos! You have successfully purchased and safed (CDAI) cDAI in Spain.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe inside your wallet, you are all done.