How to Buy cDAI (CDAI) in Australia

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

Step 1 – Signup to Coinmama

You'll first need to purchase one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

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

As soon as your deposit has been verified, you'll immediately have access to your finances and you can commence buying and trading. To invest in {cDAI (CDAI)|(CDAI) cDAI} on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover {cDAI (CDAI)|(CDAI) cDAI}, you'll need to put the shortname of the coin (CDAI) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we have marked this too. Click on “CDAI/BTC” to go ahead.

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

After you've discovered {cDAI (CDAI)|(CDAI) cDAI}, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date tariff {cDAI (CDAI)|(CDAI) cDAI} was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of CDAI you want to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole volumen of CDAI.

When you are satisfied, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vendor trades their CDAI for the price you introduced.

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

Unless you're trading, best advise is not to keep coins on an Exchange for an extensive time frame. To withdraw your {cDAI (CDAI)|(CDAI) cDAI}, hover over the ”Funds” tab and mouse click on “Withdraw”. {cDAI (CDAI)|(CDAI) cDAI} can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {cDAI (CDAI)|(CDAI) cDAI} by using the given drop-down box. Put into the amount of {cDAI (CDAI)|(CDAI) cDAI} you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you're happy, click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Kudos! You have successfully purchased and stored cDAI (CDAI) in Australia.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the {cDAI (CDAI)|(CDAI) cDAI} is safe in your wallet, you are all done.

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