A Step-by-Step-Guide on how to buy cDAI (CDAI) in Vanuatu
Step 1 – Join Kraken You'll first need to buy one of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase 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, ETH to an ETH deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find cDAI (CDAI) Once your deposit has been affirmed, you will now have access to your funds and you can commence buying and trading. To invest in cDAI (CDAI) on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. In order to find (CDAI) cDAI, you will need to insert the short name of the asset (CDAI) into the search box, which is marked in the image. Make sure you have selected the proper grouping, we have marked this too. Click on “CDAI/BTC” to continue.
Step 4 – Buy cDAI (CDAI) Once you've spotted cDAI (CDAI), you will be presented with a Chart with Prices (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 filled automatically with the recent tariff (CDAI) cDAI was traded for. This can be changed to your desired price. The “Amount” field is the quantity of CDAI you like to buy. The “Total” field is the total price in BTC that you'll pay for the whole quantity of CDAI. When you're satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled when a Seller sells their CDAI for the price you offered.
Step 5 – Withdraw cDAI (CDAI) Unless you are regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive period of time. To take off your (CDAI) cDAI, hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate cDAI (CDAI) by using the provided drop-down box. Put into the amount of (CDAI) cDAI you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.