How to Buy cDAI (CDAI) in Eritrea

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

Step 1 – Join CEX.io

You will first need to purchase units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been confirmed, you will directly have access to your funds and you can begin buying and trading. To purchase (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”.

In order to locate cDAI (CDAI), you'll need to insert the cointype (CDAI) into the search-box, which is marked in the image. Make sure you have selected the proper pairing, we've highlighted this too. Click on “CDAI/BTC” to progress.

Step 4 – Purchase (CDAI) cDAI

After you have located cDAI (CDAI), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're going to make our own Limit Order.

The “Price” field will be automatically filled with the most recent price cDAI (CDAI) was sold for. You can change this to your preferred price. The “Amount” field is the amount of CDAI you want to buy. The field with the “Total” tag is the aggregated 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 as soon as a Seller trades their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you are frequently trading, never keep your coins on an Crypto Trader for an extensive time frame. In order to take off your (CDAI) cDAI, go to the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Enter the amount of (CDAI) cDAI you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

If you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Congratulations! You have successfully purchased and safed (CDAI) cDAI in Eritrea.

That's it!

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