How to Buy cDAI (CDAI) in United Kingdom

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

Step 1 – Signup to CEX.io

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

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. 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 Crypto Exchange? (Just follow this guide)

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been verified, you'll now have access to your assets and you can commence buying and trading. To purchase (CDAI) cDAI on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To spot cDAI (CDAI), you'll 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 right pairing, we have highlighted this too. Click on “CDAI/BTC” to go on.

Step 4 – Buy (CDAI) cDAI

Once you have spotted cDAI (CDAI), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the up-to-date valuation cDAI (CDAI) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of CDAI you want to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the whole quantity of CDAI.

When you are happy, click on “Buy CDAI”. Your order will be filled as soon as a Vender trades their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

Unless you are regularly trading, best advise is not to keep your crypto coins on an Exchange for an longer time frame. To take off your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely 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 would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

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

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

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, you are all done.