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.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto 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 example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate cDAI (CDAI) As soon as your deposit has been approved, you will immediately have access to your funds and you can initiate purchasing and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the ”Exchange” tab and then 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 marked in the image. Be certain of having selected the proper grouping, we've marked this also. Click on “CDAI/BTC” to continue.
Step 4 – Purchase cDAI (CDAI) As soon as you've found cDAI (CDAI), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we are creating our own Limit Order. The field with the “Price” tag will be filled with the most latest valuation cDAI (CDAI) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of CDAI you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole amount of CDAI. If you're glad, click on “Buy 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, you should never keepyour coins on an Exchange for an extensive period of time. To take off your cDAI (CDAI), hover over the ”Funds” tab and click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate cDAI (CDAI) by using the given drop-down box. Put into the quantity of cDAI (CDAI) you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, click on “Submit”. You could be asked for email/phone verification before a withdrawal.
Congratulations! You have successfully purchased and safed cDAI (CDAI).That's it! Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored in your wallet, you're done.
Some other Guides on How to buy different AltcoinsHow to Buy RealToken 18900 Mansfield St Detroit MI
How to Buy Wrapped CryptoKitties
How to Buy Altcoins