How to Buy cDAI (CDAI) in Anguilla

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

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

You will first need to buy units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get your welcome 10 Dollar.

Binance Signup
Step 2 – Send Your Funds to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

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

As soon as your deposit has been confirmed, you will immediately have access to your funds and you can commence buying and trading. To purchase {cDAI (CDAI)|(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 discover {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. Make sure you have selected the proper grouping, we've highlighted this too. Click on “CDAI/BTC” to advance.

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

As soon as you have located {cDAI (CDAI)|(CDAI) cDAI}, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our Limit Order.

The ”Price” field will be filled automatically with the most recent price {cDAI (CDAI)|(CDAI) cDAI} was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of CDAI you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete quantity of CDAI.

If you are glad, make a mouse click on “Buy CDAI”. Your plan will be filled when a Vender trades their CDAI for the price you submitted.

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

Unless you are regularly trading, never keep your coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your {cDAI (CDAI)|(CDAI) cDAI}, go to the ”Funds” tab and click on “Withdraw”. {cDAI (CDAI)|(CDAI) cDAI} can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are satisfied, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.

Congrats! You've successfully purchased and safed cDAI (CDAI) in Anguilla.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the {cDAI (CDAI)|(CDAI) cDAI} is stored inside your wallet, you are done.

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