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How to Buy cDAI (CDAI)

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

Step 1 – Signup to CEX.io

You will first need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and getting your Ethereum or Bitcoin.

Binance Signup
Step 2 – {Send} Your {Funds} to an {Cryptocurrency Exchange}

Your {BTC (Bitcoin) or ETH (Ethereum)} {will need} to be sent over to an {Crypto Trader} now. {All exchanges have} a deposit form that is {alike}. cDAI (CDAI) is {accessible} on Binance, so {we will} use that as an {sample}. {Unsure} on how to send {funds from Coinbase} to an {Crypto Exchange}? ({Just follow} {this how-to})

Make sure {you have} {chosen} the {exact} coin you {want} to deposit.

{BTC} must be sent to a {Bitcoin} deposit address, {ETH} to an {Ethereum} deposit address, {etc}. {If} {you are} {working with} a decentralized exchange, {like} Airswap or DDEX could be {opposed} ({Follow} {our how-to}).

Step 3 – {Find} cDAI (CDAI)

{Once} your deposit has been {affirmed}, {you'll} {directly} have access to your {finances} and you can {initiate} {purchasing} and trading. To {invest in} cDAI (CDAI) on Binance, {you will} want to {hover over} the {tab which is called “Exchange”} and{ after that} {mouse click} on “Basic”.

{To} {discover} cDAI (CDAI), {you will} need to {insert} the {short name of the asset} (CDAI) into the {search box}, which is {marked} in the {graphic}. {Be certain of having} {selected} the {correct} {pairing}, {we have} {highlighted} this {too}. Click on “CDAI/BTC” to {continue}.

{How to buy Coin on Binance 1|Binance How To Buy 1} cDAI (CDAI)
Step 4 – {Acquisition of} cDAI (CDAI)

{After} {you've} {spotted} cDAI (CDAI), {you'll} be {given} a {Chart with Prices} (in the Center of the {picture}) and {some} Order Books ({on the Left} of the {picture}). {Next} {we're} {creating} our{ own} Limit Order.

The {field with the “Price” tag} will be {filled automatically} with the{} {latest} {price} cDAI (CDAI) was {traded} for. {You can change this} to your {preferred} {rate}. The {field with the “Amount” tag} is the {quantity} of CDAI you {wish} to {buy}. The {field with the “Total” tag} is the {aggregated} price in {BTC} that {you'll} {pay} for the {whole} {volumen} of CDAI.

{When} {you are} {satisfied}, {click} on “Buy CDAI”. Your {plan} will be filled {as soon as} a {Seller} {trades} their CDAI for the price you {offered}.

Step 5 – Withdraw cDAI (CDAI)

Unless {you are}{ frequently} trading, {you should never keepyour} {coins} on an {Crypto Exchange} for an {extensive} {time period}. {In order to} {withdraw} your cDAI (CDAI), {go to} the {tab called “Funds”} and {mouse click} on “Withdraw”. cDAI (CDAI) can be {safely stored} using a Wallet, {for instance} MyEtherWallet. (MyEtherWallet Setup Guide)

{Find} cDAI (CDAI) by using the {given} drop-down box. {Drop in} the {volumen} of cDAI (CDAI) {you'd} {like} to {withdraw}. {Don't forget} the {presented} {minimus/fees}. Also make sure you have {entered} your {right} withdraw address.

{When} {you are} {satisfied}, {click on} “Submit”. You {could} be {asked} for {verfication via email/phone} {ahead of} a {withdrawal}.

{Congratulations}! {You have} successfully {bought} and {stored} cDAI (CDAI).

That's it!

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

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