How to Buy cDAI (CDAI) in Sweden

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

Step 1 – Signup to CEX.io

You will first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to)

Make sure you have selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find (CDAI) cDAI

Once your deposit has been confirmed, you will immediately 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 mouse click on “Basic”.

In order to spot (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 selected the proper grouping, we have marked this too. Click on “CDAI/BTC” to continue.

Step 4 – Buy cDAI (CDAI)

After you've located cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest price cDAI (CDAI) was sold for. You can change this to your desired price. The “Amount” field is the quantity of CDAI you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of CDAI.

If you're satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Vender trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, never keep your crypto coins on an Crypto Trader for an extended time period. To take off your (CDAI) cDAI, hover over the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Drop in the quantity of (CDAI) cDAI you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Congrats! You've successfully bought and safed (CDAI) cDAI in Sweden.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored in your wallet, you're finished.