How to Buy cDAI (CDAI) in Bangladesh

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

Step 1 – Signup to CEX.io

You will first need to buy one of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and receive your welcome Bitcoin or Ethereum.

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

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

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been verified, you'll now have access to your assets and you can launch buying and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

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

Step 4 – Buy (CDAI) cDAI

After you've located (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation (CDAI) cDAI was sold for. You can change this to your preferred rate. The “Amount” field is the amount of CDAI you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of CDAI.

If you're satisfied, click on “Buy CDAI”. Your plan will be filled as soon as a Vender sells their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, you should never keepyour crypto coins on an Crypto Trader for an longer time period. To take off your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Drop in the quantity of cDAI (CDAI) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address.

If you are glad, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.

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

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe within your wallet, you're done.