How to Buy cDAI (CDAI) in Ethiopia

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

Step 1 – Join CEX.io

You will first need to buy units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been verified, you'll instantly have access to your assets and you can begin invest and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To discover cDAI (CDAI), you'll need to put the cointype (CDAI) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have marked this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Buying cDAI (CDAI)

Once you've spotted (CDAI) cDAI, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are making our own Limit Order.

The “Price” field will be filled automatically with the latest tariff cDAI (CDAI) was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of CDAI you like to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the complete amount of CDAI.

If you're happy, click on “Buy CDAI”. Your plan will be filled when a Vendor trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Drop in the volumen of (CDAI) cDAI you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

If you are glad, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Congratulations! You've successfully purchased and stored (CDAI) cDAI in Ethiopia.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored inside your wallet, you're done.