A Step-by-Step-Guide on how to buy cDAI (CDAI) in Central African Republic
Step 1 – Join Kraken You will first need to purchase units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and to get your welcome Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have chosen the correct coin you would like 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 divergent (Follow our guide).
Step 3 – Find cDAI (CDAI) As soon as your deposit has been affirmed, you will directly have access to your funds and you can launch buying and trading. To purchase cDAI (CDAI) on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”. In order to spot cDAI (CDAI), you'll need to put the cointype (CDAI) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “CDAI/BTC” to go ahead.
Step 4 – Acquisition of (CDAI) cDAI Once you have spotted (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we're making our own Limit Order. The field with the “Price” tag will be filled with the most latest price (CDAI) cDAI was sold for. You can change this to your preferred rate. The “Amount” field is the amount of CDAI you wish to buy. The “Total” field is the total price in BTC that you'll pay for the complete quantity of CDAI. When you are satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled when a Vendor sells their CDAI for the price you submitted.
Step 5 – Withdraw cDAI (CDAI) Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an longer time frame. To withdraw your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (CDAI) cDAI by using the provided drop-down box. Drop in the quantity of cDAI (CDAI) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.