How to Buy cDAI (CDAI) in Côte D’Ivoire

A Step-by-Step-Guide on how to buy cDAI (CDAI) in Côte D’Ivoire

Step 1 – Signup to Kraken

You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been approved, you'll immediately have access to your finances and you can commence invest and trading. To invest in cDAI (CDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to discover cDAI (CDAI), you'll need to insert the short name of the asset (CDAI) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Buying cDAI (CDAI)

As soon as you've located (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation cDAI (CDAI) was traded for. This can be changed to your favoured rate. The “Amount” field is the volumen of CDAI you like to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the whole quantity of CDAI.

If you are happy, click on “Buy CDAI”. Your order will be filled when a Seller trades their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you are trading, you should never keepyour crypto coins on an Exchange for an longer time period. To withdraw your (CDAI) cDAI, hover over the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Enter the volumen of cDAI (CDAI) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address.

When you are glad, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Kudos! You've successfully purchased and safed (CDAI) cDAI in Côte D’Ivoire.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored in your wallet, you're finished.