How to Buy cDAI (CDAI) in Wallis And Futuna

A Step-by-Step-Guide on how to buy cDAI (CDAI) in Wallis And Futuna

Step 1 – Signup to Kraken

You will first need to buy one of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and to get your first Bitcoin or Ethereum.

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been approved, you'll immediately have access to your finances and you can start buying and trading. To buy cDAI (CDAI) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To find (CDAI) cDAI, you will need to insert the shortname of the coin (CDAI) into the search box, which is marked in the graphic. Make sure you have selected the right grouping, we've marked this too. Click on “CDAI/BTC” to progress.

Step 4 – Buying cDAI (CDAI)

As soon as you've located (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order.

The “Price” field will be filled automatically with the recent price (CDAI) cDAI was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of CDAI you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole amount of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, best advise is not to keep crypto on an Crypto Trader for an extended time period. To take off your (CDAI) cDAI, hover over the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Enter the amount of (CDAI) cDAI you'd like to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.

If you are happy, click “Submit”. You may be requested for verfication via email/phone before a take off.

Congratulations! You have successfully purchased and safed (CDAI) cDAI in Wallis And Futuna.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored within your wallet, you are done.