How to Buy cDAI (CDAI) in Ukraine

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

Step 1 – Signup to Kraken

You'll first need to buy units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto 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 example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find (CDAI) cDAI

Once your deposit has been confirmed, you will instantly have access to your funds and you can initiate buying and trading. To invest in cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to spot cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search-box, which is highlighted in the picture. Make sure you have selected the proper pairing, we've marked this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Buying cDAI (CDAI)

After you've discovered (CDAI) cDAI, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the most recent valuation (CDAI) cDAI was sold for. This can be changed to your desired rate. The “Amount” field is the amount of CDAI you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of CDAI.

When you're glad, click on “Buy CDAI”. Your order will be filled as soon as a Seller trades their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you are trading, best advise is not to keep crypto coins on an Exchange for an extensive time frame. In order to withdraw your (CDAI) cDAI, hover over 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 given drop-down box. Drop in the amount of cDAI (CDAI) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

If you are happy, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.

Congrats! You have successfully bought and safed cDAI (CDAI) in Ukraine.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, you are all done.