How to Buy cDAI (CDAI) in United States

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

Step 1 – Signup to Kraken

You will first need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and receive your welcome Bitcoin or Ethereum.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you have selected the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been confirmed, you'll now have access to your assets and you can commence invest and trading. To purchase (CDAI) cDAI on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to locate cDAI (CDAI), you'll need to insert the cointype (CDAI) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we have marked this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Acquisition of (CDAI) cDAI

As soon as you've located (CDAI) cDAI, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are creating our Limit Order.

The field with the “Price” tag will be filled with the most recent rate cDAI (CDAI) was sold for. You can change this to your favoured rate. The “Amount” field is the amount of CDAI you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extended time period. In order to withdraw your cDAI (CDAI), hover over the “Funds” tab and mouse 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. Put into the amount of (CDAI) cDAI you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you are glad, click “Submit”. You may be asked for phone/email verification before a withdrawal.

Congratulations! You have successfully purchased and safed cDAI (CDAI) in United States.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe inside your wallet, you're finished.