How to Buy cDAI (CDAI) in Cabo Verde

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

Step 1 – Join Kraken

You'll first need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been verified, you'll directly have access to your finances and you can initiate buying and trading. To buy cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

To locate (CDAI) cDAI, you'll need to put the shortname of the coin (CDAI) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we have highlighted this also. Click on “CDAI/BTC” to continue.

Step 4 – Purchasing cDAI (CDAI)

Once you have spotted cDAI (CDAI), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are making our Limit Order.

The “Price” field will be filled automatically with the most recent rate 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 like to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete volumen of CDAI.

When you're happy, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vender sells their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended time period. 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 example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Put into the quantity of cDAI (CDAI) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

If you are happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully purchased and safed (CDAI) cDAI in Cabo Verde.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe within your wallet, you're done.