How to Buy cDAI (CDAI) in Cambodia

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

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

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

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been affirmed, you'll now have access to your funds and you can launch buying and trading. To invest in cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To locate (CDAI) cDAI, you'll need to put the cointype (CDAI) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have marked this too. Click on “CDAI/BTC” to go ahead.

Step 4 – Acquisition of cDAI (CDAI)

Once you have located (CDAI) cDAI, you will 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 create our Limit Order.

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

If you're glad, click on “Buy CDAI”. Your order will be filled as soon as a Vendor trades their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, never keep your crypto coins on an Crypto Exchange for an extended time frame. To take off your (CDAI) cDAI, hover over the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Drop in the amount of (CDAI) cDAI you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you're glad, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Congratulations! You have successfully bought and stored (CDAI) cDAI in Cambodia.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you are all done.