How to Buy cDAI (CDAI) in Egypt

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

Step 1 – Signup to Kraken

You'll first need to buy one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader

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

Make sure you have selected the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been confirmed, you will now have access to your assets and you can initiate buying and trading. To buy cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find cDAI (CDAI), you will need to put the cointype (CDAI) into the search box, which is marked in the graphic. Make sure you have selected the right pairing, we have highlighted this also. Click on “CDAI/BTC” to progress.

Step 4 – Buy (CDAI) cDAI

Once you have located cDAI (CDAI), you will be given 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 most recent tariff cDAI (CDAI) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of CDAI you want to buy. The “Total” field is the whole price in Bitcoin that you will pay for the complete quantity of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, you should never keepyour crypto coins on an Exchange for an extended time frame. To take off your (CDAI) cDAI, go to the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, e.g. 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 withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you are satisfied, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Kudos! You've successfully bought and stored cDAI (CDAI) in Egypt.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored within your wallet, you are all done.