A Step-by-Step-Guide on how to buy cDAI (CDAI) in Tuvalu
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase units of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and getting your welcome $10.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate cDAI (CDAI) As soon as your deposit has been approved, you'll instantly have access to your finances and you can commence purchasing and trading. To invest in cDAI (CDAI) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To locate cDAI (CDAI), you will need to put the shortname of the coin (CDAI) into the search box, which is marked in the graphic. Be certain of having selected the correct pairing, we've highlighted this too. Click on “CDAI/BTC” to go ahead.
Step 4 – Purchasing (CDAI) cDAI As soon as you have located (CDAI) cDAI, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our own Limit Order. The field with the “Price” tag will be filled with the recent rate (CDAI) cDAI was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of CDAI you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete quantity of CDAI. If you are 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, never keep your crypto on an Crypto Exchange for an extended time period. In order to withdraw your cDAI (CDAI), hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find cDAI (CDAI) by using the given drop-down box. Enter the quantity of (CDAI) cDAI you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.