How to Buy cDAI (CDAI)

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

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and receive your welcome 10$.

Binance Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've selected the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find (CDAI) cDAI

Once your deposit has been affirmed, you'll immediately have access to your funds and you can start buying and trading. To invest in (CDAI) cDAI on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To locate (CDAI) cDAI, you will need to put the short name of the asset (CDAI) into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we have highlighted this also. Click on “CDAI/BTC” to go on.

Binance How To Buy 1 cDAI (CDAI)
Step 4 – Purchase cDAI (CDAI)

After you've discovered (CDAI) cDAI, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're making our Limit Order.

The “Price” field will be filled with the recent valuation (CDAI) cDAI was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of CDAI you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of CDAI.

If you are happy, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Seller sells their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, best advise is not to keep crypto on an Crypto Trader for an extensive time frame. To take off your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Drop in the amount of (CDAI) cDAI you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

When you're glad, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Kudos! You have successfully bought and stored cDAI (CDAI).

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored within your wallet, you're finished.