How to Buy cDAI (CDAI) in Egypt

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

Step 1 – Join Coinbase and get 10$ for free

You will first need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and to get your first 10 Dollar.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable 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 how-to)

Make sure you have chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been approved, you'll instantly have access to your funds and you can commence purchasing and trading. To buy (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to spot cDAI (CDAI), you'll need to put the shortname of the coin (CDAI) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we have marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Buying (CDAI) cDAI

After you've located (CDAI) cDAI, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we are creating our own Limit Order.

The field with the “Price” tag will be filled with the most recent price cDAI (CDAI) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of CDAI you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete amount of CDAI.

When you are satisfied, click on “Buy CDAI”. Your order will be filled as soon as a Seller trades their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, you should never keepyour coins on an Exchange for an longer time frame. In order to take off your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Put into the amount of (CDAI) cDAI you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address.

If you're happy, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

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

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored within your wallet, you are all done.