How to Buy cDAI (CDAI) in Djibouti

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

Step 1 – Join CEX.io

You will first need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been approved, you'll directly have access to your funds 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 mouse click on “Basic”.

To locate cDAI (CDAI), you'll need to insert the short name of the asset (CDAI) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “CDAI/BTC” to go ahead.

Step 4 – Purchasing (CDAI) cDAI

As soon as you have discovered (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). For now we are creating our Limit Order.

The “Price” field will be filled with the latest valuation (CDAI) cDAI was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of CDAI you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole volumen of CDAI.

If you are satisfied, click on “Buy CDAI”. Your order will be filled when a Seller sells their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you are regularly trading, you should never keepyour coins on an Crypto Trader for an longer time frame. In order to withdraw your (CDAI) cDAI, go to the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Drop in the amount of (CDAI) cDAI you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

When you are satisfied, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Congratulations! You've successfully bought and stored cDAI (CDAI) in Djibouti.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe inside your wallet, you're done.