A Step-by-Step-Guide on how to buy cDAI (CDAI) in Anguilla
Step 1 – Signup to Coinmama You'll first need to buy one of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting your Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find cDAI (CDAI) As soon as your deposit has been verified, you will immediately have access to your funds and you can begin invest and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To locate cDAI (CDAI), you will need to put the cointype (CDAI) into the search-box, which is marked in the picture. Be certain of having choosen the right pairing, we've highlighted this too. Click on “CDAI/BTC” to progress.
Step 4 – Purchase cDAI (CDAI) After you have spotted cDAI (CDAI), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are creating our own Limit Order. The ”Price” field will be filled with the most recent price cDAI (CDAI) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of CDAI you like to buy. The ”Total” field is the total price in Bitcoin that you will pay for the complete volumen of CDAI. When you are happy, click on “Buy CDAI”. Your plan will be filled as soon as a Seller sells their CDAI for the price you introduced.
Step 5 – Withdraw cDAI (CDAI) Unless you're regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended period of time. To take off your cDAI (CDAI), go to the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate cDAI (CDAI) by using the given drop-down box. Drop in the quantity of cDAI (CDAI) you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're happy, click on “Submit”. You may be asked for email/phone verification before a withdrawal.
Kudos! You've successfully purchased and safed cDAI (CDAI) in Anguilla.That's it! Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored inside your wallet, you're done.
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