How to Buy cDAI (CDAI) in Burma

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

Step 1 – Join Coinbase and get 10$ for free

You will first need to buy units of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and receive your welcome 10$.

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have chosen the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been approved, you will instantly have access to your funds and you can commence buying and trading. To buy (CDAI) cDAI on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

To discover cDAI (CDAI), you'll need to insert the short name of the asset (CDAI) into the search-box, which is marked in the picture. Make sure you have selected the right pairing, we've marked this too. Click on “CDAI/BTC” to progress.

Step 4 – Purchase cDAI (CDAI)

Once you've located (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent price (CDAI) cDAI was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of CDAI you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole volumen of CDAI.

If you're happy, click on “Buy CDAI”. Your plan will be filled when a Vender sells their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, best advise is not to keep your coins on an Crypto Exchange for an extended time frame. In order to withdraw your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, e.g. 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 fees/minimums. Also make sure you have filled your right withdraw address.

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

Kudos! You have successfully bought and stored cDAI (CDAI) in Burma.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe in your wallet, you're done.