How to Buy cDAI (CDAI) in Cyprus

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

Degrau 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and to get your first $10.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide)

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 on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Degrau 3 – Encontrar (CDAI) cDAI

Once your deposit has been approved, you will directly have access to your funds and you can commence invest and trading. To purchase (CDAI) cDAI on Binance, you'll want to hover over the “Troca” tab and after that mouse click on “Básico”.

To spot (CDAI) cDAI, you'll need to put the short name of the asset (CDAI) na caixa de pesquisa, which is marked in the graphic. Be certain of having choosen the correct grouping, we've marked this also. Clique em “CDAI/BTCto go on.

Degrau 4 – Purchasing (CDAI) cDAI

As soon as you have spotted cDAI (CDAI), you'll be given a Chart with Prices (no centro da foto) e alguns livros de pedidos (on the Left of the picture). Por enquanto, vamos criar nosso próprio pedido de limite.

O campo com o “Preço” tag will be filled automatically with the recent rate cDAI (CDAI) was traded for. This can be changed to your favoured rate. O campo com o “Montante” tag is the volumen of CDAI you want to buy. o “Total” field is the total price in Bitcoin that you'll pay for the complete amount of CDAI.

If you're happy, faça um clique do mouse em “Buy CDAI”. Your plan will be filled when a Vender trades their CDAI for the price you offered.

Degrau 5 – Retirar (CDAI) cDAI

Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an extended time period. In order to take off your cDAI (CDAI), go to the “Fundos” tab and click on “Retirar”. (CDAI) cDAI can be stored securely using a Wallet, for instance MyEtherWallet. (Guia de configuração do MyEtherWallet)

Encontrar (CDAI) cDAI by using the provided drop-down box. Put into the volumen of cDAI (CDAI) you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address.

If you're satisfied, faça um clique do mouse em “Enviar”. You could be asked for verfication via phone/email before a take off.

Congrats! You have successfully purchased and safed cDAI (CDAI) in Cyprus.

É isso aí!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutos (rely on network usage). Once you've proved your take off with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, você terminou.