A Step-by-Step-Guide on how to buy cDAI (CDAI) in Swaziland
Step 1 – Join Kraken You will first need to purchase units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and getting your welcome Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find (CDAI) cDAI Once your deposit has been approved, you will immediately have access to your finances and you can begin purchasing and trading. To purchase cDAI (CDAI) on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. In order to discover cDAI (CDAI), you'll need to put the short name of the asset (CDAI) into the search box, which is highlighted in the image. Be certain of having selected the right pairing, we have highlighted this also. Click on “CDAI/BTC” to go ahead.
Step 4 – Buy (CDAI) cDAI As soon as you have discovered cDAI (CDAI), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest price (CDAI) cDAI was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of CDAI you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of CDAI. If you are satisfied, click on “Buy CDAI”. Your plan will be filled as soon as a Vender sells their CDAI for the price you submitted.
Step 5 – Withdraw cDAI (CDAI) Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an longer time frame. To take off your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (CDAI) cDAI by using the given drop-down box. Drop in the quantity of cDAI (CDAI) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you're satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.