How to Buy cDAI (CDAI) in Azerbaijan

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

Step 1 – Join Kraken

You'll first need to buy one of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Find cDAI (CDAI)

Once your deposit has been affirmed, you'll immediately have access to your funds and you can launch invest and trading. To buy (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 short name of the asset (CDAI) into the search-box, which is marked in the picture. Be certain of having selected the right grouping, we've marked this too. Click on “CDAI/BTC” to advance.

Step 4 – Acquisition of cDAI (CDAI)

Once you have found (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). And now we are creating our own Limit Order.

The “Price” field will be filled automatically with the most recent tariff cDAI (CDAI) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of CDAI you like to buy. The “Total” field is the aggregated price in BTC that you'll settle for the whole amount of CDAI.

If you are satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled when a Vendor sells their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extensive period of time. To withdraw your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Drop in the volumen of cDAI (CDAI) you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

If you are satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congratulations! You have successfully bought and stored cDAI (CDAI) in Azerbaijan.

That's it!

Withdrawals from Cryptocurrency Exchange can durate 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 safe in your wallet, you're finished.