How to Buy cDAI (CDAI) in Cameroon

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

Step 1 – Signup to CEX.io

You will first need to buy units of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and receive your first Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

Make sure you have chosen the right coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find (CDAI) cDAI

Once your deposit has been affirmed, you will instantly have access to your finances and you can commence buying and trading. To invest in (CDAI) cDAI on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to discover (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Buy (CDAI) cDAI

Once you have spotted (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we are creating our Limit Order.

The “Price” field will be automatically filled with the most latest valuation cDAI (CDAI) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of CDAI you want to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of CDAI.

If you are satisfied, click on “Buy CDAI”. Your plan will be filled when a Vendor trades their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you are frequently trading, you should never keepyour crypto on an Crypto Trader for an extensive period of time. To take off your (CDAI) cDAI, hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Put into the volumen of (CDAI) cDAI you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you're glad, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Congratulations! You've successfully bought and safed cDAI (CDAI) in Cameroon.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe within your wallet, you are all done.