How to Buy cDAI (CDAI) in Burma

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and receive your first Ethereum or Bitcoin.

Step 2 – Transmit Your Funds 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 available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been approved, you will now have access to your funds and you can start invest and trading. To buy (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we have marked this also. Click on “CDAI/BTC” to advance.

Step 4 – Buy cDAI (CDAI)

Once 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 making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent valuation cDAI (CDAI) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of CDAI you want to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the whole quantity of CDAI.

If you are satisfied, click on “Buy CDAI”. Your order will be filled as soon as a Seller sells their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time frame. To take off your cDAI (CDAI), go to the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Enter the volumen of cDAI (CDAI) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

When you're glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Congrats! You have successfully bought and safed (CDAI) cDAI in Burma.

That's it!

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