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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 – {Transfer} Your {Ethereum (ETH) or Bitcoin (BTC)} to an {Crypto Exchange}

Your {Ethereum (ETH) or Bitcoin (BTC)} {has} to be sent over to an {Exchange} now. {Every exchange has} a deposit form that is {alike}. cDAI (CDAI) is {available} on Binance, so {we're going to} use that as an {sample}. {Not sure} on how to send {funds from Coinbase} to an {Cryptocurrency Exchange}? ({Follow} {this guide})

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

{Bitcoin} must be sent to a {Bitcoin} deposit address, {Ethereum} to an {Ethereum} deposit address, {and so on}. {If} {you're} {working with} a decentralized exchange, {such as} Airswap or DDEX could be {unlike} ({Just follow} {our manual}).

Step 3 – {Locate} cDAI (CDAI)

{As soon as} your deposit has been {affirmed}, {you'll} {instantly} have access to your {funds} and you can {launch} {buying} and trading. To {purchase} cDAI (CDAI) on Binance, {you'll} want to {hover over} the {tab which is called “Exchange”} and{} {mouse click} on “Basic”.

{To} {find} cDAI (CDAI), {you'll} need to {insert} the {short name of the asset} (CDAI) into the {search box}, which is {highlighted} in the {image}. {Be certain of having} {choosen} the {correct} {grouping}, {we have} {marked} this {also}. Click on “CDAI/BTC” to {progress}.

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

{As soon as} {you've} {located} cDAI (CDAI), {you will} be {given} a {Price Chart} (in the Center of the {image}) and {some} Order Books ({Leftside} of the {image}). {And now} {we're} {making} our{} Limit Order.

The {”Price” field} will be {filled} with the{ most} {up-to-date} {rate} cDAI (CDAI) was {traded} for. {This can be changed} to your {favoured} {price}. The {”Amount” field} is the {amount} of CDAI you {like} to {buy}. The {field with the “Total” tag} is the {total} price in {BTC} that {you will} {settle} for the {complete} {amount} of CDAI.

{When} {you're} {satisfied}, {click} on “Buy CDAI”. Your {order} will be filled {when} a {Vender} {trades} their CDAI for the price you {gave}.

Step 5 – Withdraw cDAI (CDAI)

Unless {you're}{ frequently} trading, {best advise is not to keep} {crypto coins} on an {Crypto Exchange} for an {extensive} {time period}. {To} {withdraw} your cDAI (CDAI), {hover over} the {tab called “Funds”} and {mouse click} on “Withdraw”. cDAI (CDAI) can be {stored safely} using a Wallet, {e.g.} MyEtherWallet. (MyEtherWallet Setup Guide)

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

{When} {you are} {glad}, {click} “Submit”. You {could} be {asked} for {verfication via phone/email} {before} a {withdrawal}.

{Kudos}! {You have} successfully {purchased} and {safed} cDAI (CDAI).

That's it!

{Take offs} from {Cryptocurrency Exchange} can {take} {anywhere from} 1 – 30 minutes ({depending} on {network usage}). {Once} {you've} {confirmed} your {take off} {with} {Ethplorer.io or Etherscan.io} and the cDAI (CDAI) is {safe} {in} your wallet, {you are} {all done}.

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