How to Buy cDAI (CDAI) in Tonga

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

Step 1 – Join Kraken

You'll first need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you've chosen the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been affirmed, you'll directly have access to your funds and you can launch invest and trading. To purchase (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

To discover (CDAI) cDAI, you'll need to insert the cointype (CDAI) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we have marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Purchasing (CDAI) cDAI

Once you've found cDAI (CDAI), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are creating our Limit Order.

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

If you are satisfied, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vendor trades their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, never keep your crypto coins on an Crypto Exchange for an extended period of time. To withdraw your cDAI (CDAI), go to the tab called “Funds” and 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. Enter the amount of cDAI (CDAI) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congrats! You have successfully purchased and safed (CDAI) cDAI in Tonga.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe inside your wallet, you're all done.