How to Buy cDAI (CDAI) in Burkina Faso

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).

Kraken Signup
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you've selected the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Binance Signup

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been affirmed, you'll now have access to your finances and you can commence invest and trading. To invest in cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

In order to spot (CDAI) cDAI, you will need to insert the shortname of the coin (CDAI) into the search box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we've marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Purchasing cDAI (CDAI)

Once you have found (CDAI) cDAI, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to make our Limit Order.

The “Price” field will be automatically filled with the most up-to-date tariff cDAI (CDAI) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of CDAI you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of CDAI.

If you are happy, make a mouse click on “Buy CDAI”. Your order will be filled when a Vender sells their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you are frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time frame. To withdraw your cDAI (CDAI), hover over the “Funds” tab 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 quantity of (CDAI) cDAI you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you're happy, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

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

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe within your wallet, you're all done.
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