A Step-by-Step-Guide on how to buy cDAI (CDAI) in Botswana
Step 1 – Join Kraken You will first need to buy units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate cDAI (CDAI) As soon as your deposit has been verified, you will immediately have access to your assets and you can initiate buying and trading. To buy cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. In order to find cDAI (CDAI), you will need to put the cointype (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 go ahead.
Step 4 – Purchasing (CDAI) cDAI As soon as you've located (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to create our own Limit Order. The “Price” field will be automatically filled with the most latest rate cDAI (CDAI) was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of CDAI you want to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the whole amount of CDAI. If you're happy, click on “Buy CDAI”. Your order will be filled as soon as a Vender trades their CDAI for the price you submitted.
Step 5 – Withdraw (CDAI) cDAI Unless you're trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive time frame. In order to withdraw your (CDAI) cDAI, hover over the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely 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'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.