How to Buy cDAI (CDAI)

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

You receive the 10$ sign up bonus when you start a buy or sell of $100 USD or more within 180 days of opening your account. It can also be 100 US Dollar equivalent of your domestic currency and the amount can be a cumulative 100 USD, so it can happen over more than one purchase.

Also: you only receive the bonus when you sign up with the Coinbase Promo Code Link from this site!

Step 1 – Create a Coinbase account and receive 10 Dollar Bonus in BTC

Use the following button and join at Coinbase.

Use an email address, take a username, and use a secure, strong password.

The infrastructure and website of Coinbase is secure and fast, so you're personal data is safe.

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

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

Make sure you've chosen the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are working 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 approved, you'll immediately have access to your assets and you can start purchasing and trading. To buy cDAI (CDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To spot cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we've highlighted this also. Click on “CDAI/BTC” to go on.

Step 4 – Purchase (CDAI) cDAI

After you've found (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to make our own Limit Order.

The “Price” field will be filled with the up-to-date valuation cDAI (CDAI) was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of CDAI you wish to buy. The “Total” field is the total price in Bitcoin that you will pay for the whole volumen of CDAI.

When you are happy, make a mouse click on “Buy CDAI”. Your order will be filled when a Vendor sells their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your cDAI (CDAI), hover over 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 volumen of cDAI (CDAI) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you are happy, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.

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

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe within your wallet, you're all done.

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