How to Buy cDAI (CDAI) in Equatorial Guinea

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

Step 1 – Signup to CEX.io

In the beginning you'll need to buy units of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been affirmed, you'll directly have access to your assets and you can launch buying and trading. To invest in (CDAI) cDAI on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To locate (CDAI) cDAI, you'll need to insert the shortname of the coin (CDAI) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we've marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Buy cDAI (CDAI)

As soon as you've located (CDAI) cDAI, you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price cDAI (CDAI) was sold for. This can be changed to your desired rate. The “Amount” field is the volumen of CDAI you like to purchase. The “Total” field is the aggregated price in Bitcoin that you'll settle for the whole volumen of CDAI.

If you are glad, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Vendor trades their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you are trading, best advise is not to keep your crypto on an Exchange for an extensive period of time. In order to take off your (CDAI) cDAI, hover over the “Funds” tab 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. Drop in the amount of cDAI (CDAI) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you're happy, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Congrats! You have successfully bought and safed cDAI (CDAI) in Equatorial Guinea.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored in your wallet, you are done.