How to Buy cDAI (CDAI) in Trinidad And Tobago

A Step-by-Step-Guide on how to buy cDAI (CDAI) in Trinidad And Tobago

Step 1 – Signup to CEX.io

You'll first need to buy one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and to get your first Bitcoin or Ethereum.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been verified, you will now have access to your assets and you can initiate invest and trading. To invest in cDAI (CDAI) on Binance, you will want to go to the tab which is called “Exchange” and after that 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. Be certain of having selected the correct grouping, we have highlighted this too. Click on “CDAI/BTC” to progress.

Step 4 – Buying (CDAI) cDAI

As soon as you have discovered (CDAI) cDAI, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the latest tariff cDAI (CDAI) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of CDAI you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete quantity of CDAI.

If you are happy, click on “Buy CDAI”. Your plan will be filled as soon as a Seller trades their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you are frequently trading, you should never keepyour crypto on an Crypto Exchange for an longer time period. To withdraw your (CDAI) cDAI, go to the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Put into the volumen of (CDAI) cDAI you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

If you are happy, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Congratulations! You have successfully bought and safed (CDAI) cDAI in Trinidad And Tobago.

That's it!

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