Learn how to purchase Compound Dai (CDAI) on Binance
There are many trading platforms on the ’net nowadays, but undoubtedly Binance is among the most popular and innovative.
Understanding how to purchase Compound Dai (CDAI) is crucial in case you want to start out trading on that platform.
Stay on this post and you will discover all the information you should have for buying crypto on Binance.
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Learn how to register on Binance
The only way to start trading on Binance is registering to it.
Simply follow each of the steps listed below.
Visit the Binance homepage and press on the "Register" key.

Click here to go straight to the Binance platform.
Look for the "Register with a phone or email" button in the main page and click on it.

iOS smartphones or tablets can be used to do this as well.
Here you’ll will see the registration process using an email address.
- From the drop-down list of countries, pick the one you reside.
- Now the crucial part: password. Create an alphanumeric word strange enough not to be simply guessed. Don’t use your name, birth date or things like that. Be well aware that it’s your property what will be secured by that password

- Now you must accept "Terms of Service" and, if you would want to get information, updates and news from Binance in your email address, mark in the corresponding box
The Binance platform will immediately send an activation code (remember: this is NOT your password) that you’ll type it in the corresponding box, then press "Send"
Finally, your Binance account is active.
Take a time to get acquainted to the different options of the Binance platform by browsing them.
This way you canyou will be able to begin operating with Compound Dai (CDAI) very easily.
The identity verification is a mandatory step you have to fulfill to gain access to all those options.
Notice: No Compound Dai (CDAI) operation will be allowed if you omit this protection measure.
No big deal, though. Continue reading through the next instructions to complete that step.
Learn to verify your Binance account and put hands on trading
To become an authorized subscriber you have to complete the next steps:
Select "Security" from the drop-down list under the user profile button
Or just look for the "Verify" button on the top of the navigator window

Look for the option "Identification" on the left part of the screen.
Here you must select your country of residence.
It shows you 3 verification levels: the one you already have, the Verified, and the Verified Plus.

To begin, you must select "Verified", clicking on the "Start now" button below that label.
A pop-up window will appear, and there you will have to give your personal information: Nationality, first name and surname, second name and birth date. Besides, make sure you enter the exact address of your residence
Now you’ll have to to use a legal document to corroborate your identity.
ID card, passport or even a license are all valid documents to complete this requirement.
Now the system will require you to take a selfie following certain instructions.
When you have completed the system’s requisites, you’ll have to wait a short time for the confirmation to be performed on your account.
So, be patient, Binance will let you know via email as soon as your request has been accepted.
The following instructions will guide you through the Compound Dai (CDAI) buying process. As soon as you’ve got the confirmation email, you’ve become a Binance authorized Compound Dai (CDAI) trader.
Buying Compound Dai (CDAI) on Binance
All right, account verified means you can begin purchasing Compound Dai (CDAI) right now.
Learning how to buy a Compound Dai (CDAI) is not that hard.
At this point, the Binance platform will ask you to use a legal document for identity verification.
ID card, passport or even a driver’s license are all valid documents to complete this condition.
Follow the system guidance to take a selfie.
Once you have fulfilled the platform’s instructions, you will have to wait a short time while your account is verified.
Now you must wait until your profile has been approved. Be patient, the platform will send you an email.
After that, it’s time to purchase Compound Dai (CDAI), just follow the guidelines below.
Purchasing Compound Dai (CDAI) on Binance
Now that you have registered on the platform and got your account approved, you’re able to begin trading.
In this section you’ll realize how simple is to invest your money in Compound Dai (CDAI).
Some processes may have alternative paths
See the "Buy cryptos" menu on the Binance main page to know which alternatives you have when buying.

Certainly, you’ll only be able to do this if you’re logged in
See all the different buying options just by hovering your mouse over this button.
Here, the Binance platform will require you to show a legal document for identity checking.
You can do this by using your ID card, passport, or license.
Follow the system guidance to take a selfie.
The last step is on Binance’s side: a certification process that will just take a while.
All you have to do is be patient, Binance will send you an e-mail as soon as your request has been accepted.
Upon receiving that email it’s time to acquire Compound Dai (CDAI), just follow the guidelines below.
Learn to purchase Compound Dai (CDAI) on Binance
Beginning your Compound Dai (CDAI) trading experience has never been so easy, right?.
Learning how to invest your money in Compound Dai (CDAI) is not that hard.
Take into account that you may find more than one option for this process
The "Buy cryptos" menu on the Binance main page will be your reference at buying time.

Needless to say you must log into your account to do this
Hovering your mouse pointer over this key will display a list of alternatives to make your purchase.
Buying Compound Dai (CDAI) with a credit/debit card
Choose the credit card-related option from the drop-down list labeled "Buy Cryptos".
Continue reading for detailed guidelines:
Now you should pick the currency you want to buy with and type how much you want to invest.

The the Compound Dai (CDAI) you intend to get must be indicated in the second field
Depending on the amount of USD you’ve previously stated, the platform will immediately show you the quantity of Compound Dai (CDAI) you are going to receive.
Keep on reading for further instructions:
In the next box, select the currency you’d like to use and specify how much you want to invest.

In the second field you should choose the Compound Dai (CDAI) you’d like to get
Considering the amount of USD you’ve recently specified, the platform will immediately display the quantity of Compound Dai (CDAI) you’ll be given.
Now select "Continue".
Now you must define the method of payment you’ll use. To pay with a credit card, select in the "Visa/Mastercard" field the option "Add card".

Then the platform will prompt you to indicate your CC details.
Your credit card’s associated address must be specified next. Be very careful, since you’ll need to write it exactly as it is, otherwise your card might not be accepted. Then select "Add card".
Click "Continue" once you notice your card has been successfully added to your user profile as a new method of payment.
The next screen will display a quick view of the transaction about to be completed. That includes the sum you are paying, the chosen currency and the amount of Compound Dai (CDAI) purchased.
It will also let you know the commission will be charged for the operation.
Now you must accept the order pressing the "Confirm" button during the following minute, or it will be automatically aborted.

The Binance platform will now redirect you to the bank issuing the credit card. Proceed exactly as you usually do when making a normal online credit card payment.
When the banking process has been completed, you are already in possession of the purchased Compound Dai (CDAI) in your Binance digital wallet (called the «Spot Wallet»)
See how easy is how to buy Compound Dai (CDAI) via Binance P2P
This is a transaction made «Person To Person», i.e.: exchanging Compound Dai (CDAI)
with another Binance trader. To do this, the first step is to define which payment method you want to apply.
The system will now show you the summary of the buying order you are generating. The sum your card will be charged with the currency you’ve selected, and the Compound Dai (CDAI) you will receive.
Obviously, Binance will take a small amount as a commission for making the operation, and it will appear in that overview also.
Within the next 60 seconds click on "Confirm", from then on the order will be automatically shut down.

Next, you’ll be redirected to the banking platform the credit card has been issued by. Proceed exactly as you do when making a payment using your credit card on the bank website.
Your recently bought Compound Dai (CDAI) will be credited to your Binance e-wallet (referred to as the «Spot Wallet») as soon as the banking process has been done
Buy Compound Dai (CDAI) through Binance P2P
You can buy Compound Dai (CDAI) not only via a direct purchase, but trading them «Person To Person»
with another Binance trader too. To do this, the first step is to define the payment method you wish to apply.

- Login to the "Security" section of your profile.
- Press "Payment" on the left-hand side of the screen.
- As soon as the "Add a Payment Method" option is chosen the platform will guide you through the rest of the process.
Once you finished adding the new method of payment to your profile, go to the "Buy Crypto" menu (top part of the display), select the "Trading P2P" option, and follow the guidelines below:
- On the upper bar of the "P2P Account" tab, select "Buy"
- All the Compound Dai (CDAI) available for purchase through P2P trading will be shown in this menu, so you will be able to choose the one you’re interested in. In this guide, we will present «USDT».It is important to note that when you buy any crypto in P2P trading, you will be able to exchange it for any of the currencies that operate on the Binance platform.
- Locate the "Fiat" label on the top menu and deploy the drop-down menu to find all available currencies. We’ll use «VES» in this example.
- Now you need to input the amount in VES you’d like to invest in the "Amount" box.
- You will see a list of dealers offering cryptos a little while after you select the method of payment.
- From the list list shown, you can pick any of the traders. It is recommendable to select a verified one and better if a good percentage of completed sales is displayed.
- Now press "Buy USDT"
- Now the amount you would want to pay in VES must be typed
- Again, press "Buy USDT"
- Now a buying order has been generated and you’ll be able to contact the seller. Pay, press "Transferred, Next" and then press "Confirm". Notice that there’s a limited time for you to make the payment.
How you can transfer your Compound Dai (CDAI) to the Spot Wallet
Cryptocurrencies will be released by the seller as soon as payment reception validation has been done.
You may see your wallet account balance to confirm reception.
Take into account that your Compound Dai (CDAI) must be in your Spot Wallet in case you would want to purchase others, so you must transfer them there before.
To achieve this, you only need to click on "Transfer to Spot Wallet" immediately after the buying order has been completed.
Should you forget to do this right after buying the cryptos, there’s nothing to worry about: you’ll be able to do it later.
The right way to transfer your Compound Dai (CDAI) to the Spot Wallet
Once you have completed a payment to the seller, they will release the Compound Dai (CDAI), by confirming invoice of the payment.
You may check your wallet Binance balance to confirm reception.
Nonetheless, you need to send them to your Spot Wallet in case you want to get another cryptocurrency.
You can do this immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
In the event you didn’t follow this step, don’t get worried, you can do it later.

- Press "Wallet Funds" from the "Wallet" drop-down menu.
- Locate the "Transfer" button at the top right and press it.
- Change the «From» and «To» options on the pop-up window to:
- From: "Funds"
- To: "Fiat and Spot"
- Choose the currency in which you have money, in the example in this article we use «USDT»
- Enter the cryptos you are sending for the Exchange and press "Confirm".
All right! Now you have funds available to buy any of the several Compound Dai (CDAI) in the Binance platform.

Buy any crypto from Binance just following the steps detailed next:
- Select the "Trading" menu in the upper section.
- Select "Convert" from the list.
- Fill in the box the sum of «USDT» you would like to invest.
- Now mark the cryptocurrency you’re interested in.
- Select "Preview conversion".
- Confirm the operation and that’s all. You will have the amount of the chosen cryptocurrency in your Spot Wallet.
That’s all! Now you will have funds in the Spot Wallet so you will be able to purchase any of the several of Compound Dai (CDAI) within the Binance platform.

To purchase Compound Dai (CDAI) from the Binance platform all you have to do is described below:
- Find the "Trading" menu in the top top section.
- In the listing choose the "Convert" option.
- Fill in the box the amount of «USDT» you wish to invest.
- Now indicate the cryptocurrency you’re interested in.
- Choose "Preview conversion".
- Confirm the operation and that’s it. Now you will have the funds of the chosen crypto in your Spot Wallet.
Based upon the above mentioned information, you are now ready to commence trading on Binance.
Don’t wait any longer and start earning an extra income.