How to Buy cDAI (CDAI) in Norway

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase one of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first $10.

Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been verified, you will instantly have access to your assets and you can begin purchasing and trading. To purchase (CDAI) cDAI on Binance, you will want to go to the tab which is calledExchangeand after that click onBasic”.

In order to discover cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have marked this also. Click onCDAI/BTCto go ahead.

Step 4 – Purchasing cDAI (CDAI)

After you've found (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to make our Limit Order.

ThePricefield will be filled with the recent price (CDAI) cDAI was sold for. You can change this to your desired price. The field with theAmounttag is the volumen of CDAI you wish to purchase. TheTotalfield is the total price in BTC that you will settle for the whole amount of CDAI.

If you are happy, click onBuy CDAI”. Your order will be filled as soon as a Vender trades their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an extended time frame. To take off your cDAI (CDAI), hover over the tab calledFundsand click onWithdraw”. (CDAI) cDAI can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Enter the amount of cDAI (CDAI) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you are happy, click onSubmit”. You may be requested for phone/email verification ahead of a take off.

Congratulations! You have successfully bought and stored (CDAI) cDAI in Norway.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, you are all done.