How to Buy cDAI (CDAI) in United Kingdom

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

Step 1 – Join CoinbaseGet Free $10

You'll first need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and receive your welcome $10.

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you've selected the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been confirmed, you'll directly have access to your assets and you can start buying and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the tab which is calledExchangeand then mouse click onBasic”.

In order to find cDAI (CDAI), you will need to put the short name of the asset (CDAI) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we've marked this also. Click onCDAI/BTCto progress.

Step 4 – Buy (CDAI) cDAI

After you have discovered (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're going to create our own Limit Order.

The field with thePricetag will be automatically filled with the up-to-date tariff cDAI (CDAI) was traded for. You can change this to your desired rate. The field with theAmounttag is the amount of CDAI you wish to buy. TheTotalfield is the total price in BTC that you'll pay for the complete quantity of CDAI.

If you're satisfied, click onBuy CDAI”. Your order will be filled when a Vendor trades their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time frame. To withdraw your cDAI (CDAI), hover over theFundstab and click onWithdraw”. cDAI (CDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're satisfied, click onSubmit”. You may be requested for verfication via phone/email ahead of a take off.

Kudos! You have successfully purchased and safed (CDAI) cDAI in United Kingdom.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe inside your wallet, you're finished.