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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

In the beginning you'll need to buy units of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and receive your Bitcoin or Ethereum.

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to)

Make sure you've chosen the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been approved, you will directly have access to your finances and you can start invest and trading. To purchase (CDAI) cDAI on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate (CDAI) cDAI, you will need to insert the shortname of the coin (CDAI) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we've highlighted this too. Click on “CDAI/BTC” to progress.

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

As soon as you've found cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're making our Limit Order.

The field with the “Price” tag will be automatically filled with the most latest price cDAI (CDAI) was sold for. You can change this to your favoured rate. The ”Amount” field is the volumen of CDAI you like to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole volumen of CDAI.

When you're glad, click on “Buy CDAI”. Your order will be filled as soon as a Vender trades their CDAI for the price you submitted.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, never keep your crypto on an Exchange for an extended time frame. To withdraw your cDAI (CDAI), hover over the ”Funds” tab and click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Put into the volumen of cDAI (CDAI) you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you are glad, click “Submit”. You could be requested for verfication via email/phone before a take off.

Congrats! You've successfully purchased and stored (CDAI) cDAI.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe within your wallet, you are finished.