A Step-by-Step-Guide on how to buy cDAI (CDAI) in Swaziland
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and getting your first 10$.
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've 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 forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate cDAI (CDAI) Once your deposit has been confirmed, you'll instantly have access to your funds and you can begin invest and trading. To invest in cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to spot cDAI (CDAI), you'll need to put the shortname of the coin (CDAI) into the search box, which is marked in the graphic. Be certain of having choosen the right grouping, we have marked this too. Click on “CDAI/BTC” to advance.
Step 4 – Buying (CDAI) cDAI Once you've located (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our Limit Order. The field with the “Price” tag will be filled with the most recent rate cDAI (CDAI) was traded for. You can change this to your preferred price. The “Amount” field is the volumen of CDAI you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete quantity of CDAI. When you are glad, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Seller trades their CDAI for the price you offered.
Step 5 – Withdraw cDAI (CDAI) Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Trader for an extended time frame. In order to take off your (CDAI) cDAI, go to the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find cDAI (CDAI) by using the given drop-down box. Put into the volumen of cDAI (CDAI) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, click “Submit”. You could be asked for verfication via email/phone before a take off.