How to Buy cDAI (CDAI) in Turkey

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

Step 1 – Join Kraken

You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been approved, you'll directly have access to your finances and you can start purchasing and trading. To invest in (CDAI) cDAI on Binance, you'll want to hover over 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 highlighted in the image. Make sure you have selected the right grouping, we have highlighted this also. Click on “CDAI/BTC” to go on.

Step 4 – Buy cDAI (CDAI)

Once you have located cDAI (CDAI), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we are making our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date rate (CDAI) cDAI was traded for. This can be changed to your favoured rate. The “Amount” field is the quantity of CDAI you wish to buy. The “Total” field is the whole price in BTC that you will settle for the whole quantity of CDAI.

If you are happy, click on “Buy CDAI”. Your order will be filled when a Vendor trades their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, best advise is not to keep coins on an Exchange for an extended period of time. To withdraw your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Drop in the amount of (CDAI) cDAI you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

When you're satisfied, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

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

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored within your wallet, you're done.