A Step-by-Step-Guide on how to buy cDAI (CDAI)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and to get your welcome 10 Dollar.
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate (CDAI) cDAI Once your deposit has been confirmed, you'll directly have access to your assets and you can initiate purchasing and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find (CDAI) cDAI, you'll need to put the short name of the asset (CDAI) into the search box, which is highlighted in the picture. Be certain of having selected the correct pairing, we've highlighted this also. Click on “CDAI/BTC” to go on.
Step 4 – Buy cDAI (CDAI) After you've discovered cDAI (CDAI), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're going to create our Limit Order. The field with the “Price” tag will be filled with the latest price cDAI (CDAI) was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of CDAI you want to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete volumen of CDAI. When you're satisfied, 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're regularly trading, best advise is not to keep your coins on an Crypto Trader for an longer time frame. To withdraw your cDAI (CDAI), go to the ”Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find cDAI (CDAI) by using the provided drop-down box. Enter the volumen of cDAI (CDAI) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.