How to Buy cDAI (CDAI) in Comoros

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

Step 1 – Signup to Kraken

You will first need to purchase one of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your BTC (Bitcoin) or ETH (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 Coinbase funds to an Exchange? (Follow this guide)

Make sure you've selected the precise coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been approved, you'll now have access to your assets and you can initiate invest and trading. To purchase cDAI (CDAI) on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

To spot (CDAI) cDAI, you'll need to insert the shortname of the coin (CDAI) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “CDAI/BTC” to go on.

Step 4 – Purchasing (CDAI) cDAI

Once you've found (CDAI) cDAI, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation (CDAI) cDAI was traded for. You can change this to your desired rate. The “Amount” field is the quantity of CDAI you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of CDAI.

If you're satisfied, click on “Buy CDAI”. Your plan will be filled when a Vender sells their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, you should never keepyour crypto on an Exchange for an extended time frame. In order to take off your (CDAI) cDAI, hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Put into the amount of cDAI (CDAI) you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congratulations! You have successfully purchased and stored cDAI (CDAI) in Comoros.

That's it!

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