How to Buy cDAI (CDAI) in Armenia

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you have selected the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find cDAI (CDAI)

Once your deposit has been verified, you'll directly have access to your funds and you can start buying and trading. To buy (CDAI) cDAI on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to locate cDAI (CDAI), you'll need to insert the short name of the asset (CDAI) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we have highlighted this also. Click on “CDAI/BTC” to proceed.

Step 4 – Purchase cDAI (CDAI)

As soon as you've found (CDAI) cDAI, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order.

The “Price” field will be filled automatically with the most recent rate cDAI (CDAI) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of CDAI you want to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the whole quantity of CDAI.

If you are satisfied, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vender sells their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extensive time frame. In order 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 example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Put into the volumen of cDAI (CDAI) you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you're glad, click on “Submit”. You may be asked for phone/email verification ahead of a take off.

Congrats! You've successfully purchased and stored (CDAI) cDAI in Armenia.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe inside your wallet, you are finished.