How to Buy cDAI (CDAI) in Burundi

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome Bitcoin or Ethereum.

Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've chosen the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're working with 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 confirmed, you will directly have access to your finances and you can initiate purchasing and trading. To purchase cDAI (CDAI) on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

In order to spot (CDAI) cDAI, you will need to insert the cointype (CDAI) into the search box, which is highlighted in the image. Make sure you have selected the proper grouping, we've highlighted this also. Click on “CDAI/BTC” to go on.

Step 4 – Purchase cDAI (CDAI)

Once you have discovered (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're making our own Limit Order.

The “Price” field will be filled with the up-to-date rate cDAI (CDAI) was sold for. This can be changed to your favoured rate. The “Amount” field is the volumen of CDAI you wish to purchase. The “Total” field is the aggregated price in BTC that you will settle for the complete quantity of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you are trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. In order to take off your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're glad, click “Submit”. You may be asked for email/phone verification before a take off.

Congrats! You've successfully purchased and stored cDAI (CDAI) in Burundi.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe in your wallet, you're done.