How to Buy cDAI (CDAI) in Taiwan

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

Step 1 – Signup to CEX.io

You'll first need to buy one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

Make sure you've chosen the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been approved, you will directly have access to your finances and you can launch purchasing and trading. To buy cDAI (CDAI) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to find (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search-box, which is highlighted in the picture. Be certain of having selected the proper pairing, we have marked this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Purchase cDAI (CDAI)

Once you have discovered (CDAI) cDAI, you will 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 going to make our own Limit Order.

The “Price” field will be filled with the most latest tariff (CDAI) cDAI was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of CDAI you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete volumen 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 introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an longer period of time. To withdraw your cDAI (CDAI), go to the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, e.g. 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 filled your correct withdraw address.

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

Kudos! You have successfully bought and stored (CDAI) cDAI in Taiwan.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you're finished.