How to Buy cDAI (CDAI) in Benin

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

Step 1 – Join Kraken

You'll first need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

Kraken Signup
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Binance Signup

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been approved, you'll instantly have access to your assets and you can begin purchasing and trading. To buy (CDAI) cDAI on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

To locate cDAI (CDAI), you will need to insert the cointype (CDAI) into the search box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have marked this too. Click on “CDAI/BTC” to go on.

Step 4 – Buying cDAI (CDAI)

After you have spotted (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to create our own Limit Order.

The “Price” field will be filled automatically with the most recent valuation (CDAI) cDAI was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of CDAI you want to buy. The “Total” field is the total price in BTC that you will settle for the complete amount of CDAI.

If you are glad, make a mouse click on “Buy CDAI”. Your plan will be filled when a Seller trades their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive time period. To take off your cDAI (CDAI), hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the given drop-down box. Put into the amount of (CDAI) cDAI you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you're glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congratulations! You've successfully bought and safed cDAI (CDAI) in Benin.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe in your wallet, you're all done.
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