How to Buy cDAI (CDAI) in Central African Republic

A Step-by-Step-Guide on how to buy cDAI (CDAI) in Central African Republic

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to buy one of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and getting your first $10.

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been affirmed, you'll now have access to your funds and you can initiate purchasing and trading. To buy (CDAI) cDAI on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”.

To locate cDAI (CDAI), you will need to put the shortname of the coin (CDAI) into the search box, which is marked in the picture. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “CDAI/BTC” to continue.

Step 4 – Buy cDAI (CDAI)

After you've discovered (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the latest rate cDAI (CDAI) was sold for. You can change this to your favoured price. The “Amount” field is the quantity of CDAI you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole quantity of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your cDAI (CDAI), go to the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Drop in the volumen of cDAI (CDAI) you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Kudos! You've successfully purchased and safed cDAI (CDAI) in Central African Republic.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, you're done.