How to Buy cDAI (CDAI) in Bhutan

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first Ethereum or Bitcoin.

Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange

Your Ethereum or Bitcoin has to be sent over to an 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. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find (CDAI) cDAI

Once your deposit has been approved, you will immediately have access to your finances and you can launch buying and trading. To buy cDAI (CDAI) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

To discover (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “CDAI/BTC” to advance.

Step 4 – Purchase cDAI (CDAI)

Once you've located (CDAI) cDAI, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to make our Limit Order.

The field with the “Price” tag will be filled with the most latest price (CDAI) cDAI was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of CDAI you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete amount of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, best advise is not to keep coins on an Crypto Trader for an longer time period. To withdraw your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are satisfied, click “Submit”. You may be asked for phone/email verification ahead of a take off.

Kudos! You have successfully purchased and safed (CDAI) cDAI in Bhutan.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe within your wallet, you are done.