How to Buy cDAI (CDAI) in Guyana

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

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

You will first need to purchase units of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and getting your welcome 10$.

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Binance Signup

Step 3 – Find (CDAI) cDAI

Once your deposit has been confirmed, you'll directly have access to your finances and you can commence purchasing and trading. To purchase (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

To discover (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search-box, which is marked in the graphic. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “CDAI/BTC” to advance.

Step 4 – Buying (CDAI) cDAI

As soon as you have located (CDAI) cDAI, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we are making our own Limit Order.

The “Price” field will be automatically filled with the latest rate 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 aggregated price in BTC that you will settle for the complete volumen of CDAI.

When you are satisfied, click on “Buy CDAI”. Your plan will be filled when a Seller trades their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an longer period of time. To withdraw your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Drop in the amount of (CDAI) cDAI you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a take off.

Kudos! You have successfully bought and stored (CDAI) cDAI in Guyana.

That's it!

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