How to Buy cDAI (CDAI) in Tonga

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to purchase units of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and to get your welcome 10 Dollar.

Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you have selected the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been approved, you'll directly have access to your assets and you can launch invest and trading. To buy cDAI (CDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To find cDAI (CDAI), you'll need to insert the cointype (CDAI) into the search-box, which is highlighted in the image. Make sure you have choosen the correct pairing, we have marked this also. Click on “CDAI/BTC” to continue.

Step 4 – Purchase cDAI (CDAI)

After you've located (CDAI) cDAI, you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date price cDAI (CDAI) was sold for. This can be changed to your desired rate. The “Amount” field is the amount of CDAI you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete volumen of CDAI.

When you are glad, click on “Buy CDAI”. Your order will be filled when a Seller trades their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended period of time. To withdraw 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)

Locate cDAI (CDAI) by using the provided drop-down box. Put into the quantity of (CDAI) cDAI you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

When you're glad, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Congratulations! You've successfully bought and stored cDAI (CDAI) in Tonga.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe within your wallet, you are all done.