How to Buy cDAI (CDAI) in Anguilla

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.

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

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual)

Make sure you have chosen the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate {cDAI (CDAI)|(CDAI) cDAI}

Once your deposit has been approved, you will instantly have access to your assets and you can begin purchasing and trading. To purchase {cDAI (CDAI)|(CDAI) cDAI} on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To spot {cDAI (CDAI)|(CDAI) cDAI}, you will need to put the short name of the asset (CDAI) into the search box, which is highlighted in the picture. Be certain of having selected the right grouping, we have highlighted this too. Click on “CDAI/BTC” to go on.

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

Once you have located {cDAI (CDAI)|(CDAI) cDAI}, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the latest rate {cDAI (CDAI)|(CDAI) cDAI} was traded for. This can be changed to your desired price. The ”Amount” field is the quantity of CDAI you wish to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the whole quantity of CDAI.

When you're satisfied, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vender sells their CDAI for the price you gave.

Step 5 – Withdraw {cDAI (CDAI)|(CDAI) cDAI}

Unless you are trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive time frame. To take off your {cDAI (CDAI)|(CDAI) cDAI}, go to the tab called “Funds” and mouse click on “Withdraw”. {cDAI (CDAI)|(CDAI) cDAI} can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {cDAI (CDAI)|(CDAI) cDAI} by using the given drop-down box. Drop in the amount of {cDAI (CDAI)|(CDAI) cDAI} you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Congrats! You have successfully bought and safed cDAI (CDAI) in Anguilla.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the {cDAI (CDAI)|(CDAI) cDAI} is stored within your wallet, you're finished.

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