How to Buy cDAI (CDAI) in Belarus

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide)

Make sure you have chosen the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find (CDAI) cDAI

Once your deposit has been approved, you'll now have access to your assets and you can launch purchasing and trading. To buy cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate cDAI (CDAI), you will need to put the shortname of the coin (CDAI) into the search-box, which is marked in the picture. Be certain of having selected the proper grouping, we have highlighted this too. Click on “CDAI/BTC” to go ahead.

Step 4 – Purchase cDAI (CDAI)

As soon as you've located (CDAI) cDAI, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are making our Limit Order.

The field with the “Price” tag will be filled with the up-to-date tariff (CDAI) cDAI was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of CDAI you like to buy. The “Total” field is the total price in BTC that you'll settle for the complete amount of CDAI.

When you're glad, click on “Buy CDAI”. Your order will be filled as soon as a Vender trades their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, you should never keepyour crypto on an Crypto Exchange for an longer time period. To take off your cDAI (CDAI), go to the tab called “Funds” 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. Enter the volumen of cDAI (CDAI) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

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

Kudos! You've successfully purchased and safed (CDAI) cDAI in Belarus.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored inside your wallet, you are finished.