How to Buy cDAI (CDAI) in Albania

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

Step 1 – Join Kraken

You will first need to buy units of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been verified, you'll now have access to your assets and you can initiate purchasing and trading. To purchase cDAI (CDAI) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to spot (CDAI) cDAI, you will need to put the cointype (CDAI) into the search box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we've marked this also. Click on “CDAI/BTC” to go on.

Step 4 – Purchase (CDAI) cDAI

After you've discovered cDAI (CDAI), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to make our own Limit Order.

The “Price” field will be filled with the most recent price (CDAI) cDAI was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of CDAI you like to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete quantity 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, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time period. To withdraw your (CDAI) cDAI, go to the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Enter the amount of (CDAI) cDAI you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

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

Congrats! You've successfully purchased and safed cDAI (CDAI) in Albania.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe in your wallet, you're all done.