How to Buy cDAI (CDAI) in Comoros

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

Step 1 – Signup to Coinbase – Get Free $10

You will first need to buy units of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome 10 Dollar.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been affirmed, you'll directly have access to your funds and you can initiate purchasing and trading. To invest in (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

To discover cDAI (CDAI), you will need to insert the shortname of the coin (CDAI) into the search box, which is marked in the image. Be certain of having choosen the proper grouping, we have marked this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Buy cDAI (CDAI)

As soon as you've 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). For now we're going to make our own Limit Order.

The “Price” field will be automatically filled with the recent tariff cDAI (CDAI) was traded for. You can change this to your favoured price. The “Amount” field is the amount of CDAI you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole volumen of CDAI.

If you're glad, 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're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your (CDAI) cDAI, go to the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Put into the quantity of cDAI (CDAI) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you're glad, click “Submit”. You could be asked for email/phone verification ahead of a take off.

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

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe within your wallet, you're finished.