How to Buy cDAI (CDAI) in Bahrain

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

Step 1 – Join Coinbase and get 10$ for free

You'll first need to purchase one of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome $10.

Step 2 – Send Your Funds to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide)

Make sure you've selected the precise coin you would like to deposit.

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

Step 3 – Find cDAI (CDAI)

Once your deposit has been affirmed, you'll immediately have access to your finances and you can start invest and trading. To invest in (CDAI) cDAI on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

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 image. Make sure you have selected the proper grouping, we have marked this also. Click on “CDAI/BTC” to continue.

Step 4 – Purchase cDAI (CDAI)

After you have discovered (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we're making our own Limit Order.

The “Price” field will be filled with the most latest rate (CDAI) cDAI was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of CDAI you want to buy. The “Total” field is the whole price in Bitcoin that you will settle for the complete quantity of CDAI.

If you are glad, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Seller sells their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you are trading, never keep your crypto coins on an Exchange for an longer period of time. To withdraw your cDAI (CDAI), hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Put into the volumen of (CDAI) cDAI you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, click on “Submit”. You may be requested for email/phone verification ahead of a take off.

Kudos! You've successfully purchased and stored cDAI (CDAI) in Bahrain.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored in your wallet, you are finished.