How to Buy cDAI (CDAI) in Georgia

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to purchase units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and receive your welcome 10$.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Binance Signup

Step 3 – Find (CDAI) cDAI

Once your deposit has been approved, you will instantly have access to your funds and you can launch invest and trading. To purchase cDAI (CDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To find (CDAI) cDAI, you will need to insert the short name of the asset (CDAI) into the search-box, which is marked in the picture. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “CDAI/BTC” to go on.

Step 4 – Buy (CDAI) cDAI

After you've found (CDAI) cDAI, you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to make our own Limit Order.

The “Price” field will be automatically filled with the most recent valuation (CDAI) cDAI was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of CDAI you wish to buy. The “Total” field is the total price in BTC that you will settle for the whole amount of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive time period. To take off your (CDAI) cDAI, go to the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Put into the amount of cDAI (CDAI) you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you are happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Congratulations! You've successfully bought and safed (CDAI) cDAI in Georgia.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored in your wallet, you are finished.