A Step-by-Step-Guide on how to buy cDAI (CDAI) in Turks And Caicos Islands
Step 1 – Join CEX.io You'll first need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find cDAI (CDAI) Once your deposit has been affirmed, you'll directly have access to your finances and you can commence buying and trading. To purchase cDAI (CDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find cDAI (CDAI), you will need to put the cointype (CDAI) into the search-box, which is marked in the graphic. Make sure you have choosen the right grouping, we have marked this too. Click on “CDAI/BTC” to progress.
Step 4 – Buy cDAI (CDAI) Once you've spotted cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order. The “Price” field will be automatically filled with the up-to-date valuation cDAI (CDAI) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of CDAI you want to buy. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of CDAI. If you're glad, click on “Buy CDAI”. Your plan will be filled when a Vendor trades their CDAI for the price you offered.
Step 5 – Withdraw cDAI (CDAI) Unless you are regularly trading, best advise is not to keep crypto coins on an Exchange for an extensive time period. To take off your (CDAI) cDAI, go to the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find cDAI (CDAI) by using the provided drop-down box. Enter the volumen of (CDAI) cDAI you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.