How to Buy cDAI (CDAI) in Ethiopia

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

Step 1 – Signup to Coinbase – Get Free $10

You will first need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first 10 Dollar.

Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you have selected the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate cDAI (CDAI)

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

To spot cDAI (CDAI), you'll need to insert the cointype (CDAI) into the search-box, which is marked in the graphic. Make sure you have selected the correct pairing, we've marked this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Purchase (CDAI) cDAI

As soon as 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 are making our Limit Order.

The “Price” field will be filled automatically with the up-to-date tariff cDAI (CDAI) was traded for. You can change this to your favoured rate. The “Amount” field is the amount of CDAI you want to buy. The “Total” field is the whole price in BTC that you'll settle for the whole quantity of CDAI.

If you are satisfied, click on “Buy CDAI”. Your order will be filled when a Vendor trades their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

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

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

When you're satisfied, click “Submit”. You could be asked for email/phone verification ahead of a take off.

Congrats! You have successfully purchased and safed (CDAI) cDAI in Ethiopia.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored within your wallet, you're all done.