A Step-by-Step-Guide on how to buy cDAI (CDAI) in Tuvalu
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the major coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find (CDAI) cDAI Once your deposit has been confirmed, you'll directly have access to your funds and you can begin buying and trading. To invest in (CDAI) cDAI on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to discover (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we've marked this also. Click on “CDAI/BTC” to proceed.
Step 4 – Purchase (CDAI) cDAI After you have discovered (CDAI) cDAI, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we're creating our own Limit Order. The “Price” field will be automatically filled with the most recent rate (CDAI) cDAI was sold for. This can be changed to your desired price. The “Amount” field is the quantity of CDAI you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete amount of CDAI. If you're satisfied, click on “Buy CDAI”. Your order will be filled when a Seller sells their CDAI for the price you introduced.
Step 5 – Withdraw cDAI (CDAI) Unless you are regularly trading, you should never keepyour crypto on an Exchange for an extensive time period. To withdraw your (CDAI) cDAI, go to the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (CDAI) cDAI by using the given drop-down box. Drop in the quantity of (CDAI) cDAI you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address. If you are glad, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.