How to Buy cDAI (CDAI) in Chad

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your first Ethereum or Bitcoin.

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been verified, you will instantly have access to your assets and you can initiate buying and trading. To invest in (CDAI) cDAI on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to find cDAI (CDAI), you'll need to insert the shortname of the coin (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 advance.

Step 4 – Buying cDAI (CDAI)

Once you have found (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the up-to-date tariff cDAI (CDAI) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of CDAI you want to purchase. The “Total” field is the total price in BTC that you'll settle for the complete volumen of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

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

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

If you are satisfied, click on “Submit”. You may be asked for phone/email verification before a take off.

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

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe within your wallet, you are finished.