How to Buy cDAI (CDAI) in Uganda

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

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

You will first need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below to register and getting your welcome 10 Dollar.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange 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 example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you've selected the exact coin you want to deposit.

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

Binance Signup

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been approved, you'll immediately have access to your finances and you can begin invest and trading. To purchase cDAI (CDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To discover (CDAI) cDAI, you will need to put the short name of the asset (CDAI) into the search box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we have marked this also. Click on “CDAI/BTC” to advance.

Step 4 – Buying cDAI (CDAI)

After you've spotted cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent price (CDAI) cDAI was traded for. This can be changed to your favoured price. The “Amount” field is the quantity of CDAI you want to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the complete amount of CDAI.

If you are satisfied, 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're frequently trading, you should never keepyour crypto on an Exchange for an extended period of time. In order to withdraw your cDAI (CDAI), hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Enter the volumen of cDAI (CDAI) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

When you're glad, make a mouse click on “Submit”. You could be asked for email/phone verification before a take off.

Congrats! You have successfully bought and stored cDAI (CDAI) in Uganda.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored inside your wallet, you are all done.