How to Buy cDAI (CDAI) in French Guiana

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your first $10.

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been affirmed, you'll now have access to your funds and you can start invest and trading. To buy (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

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

Step 4 – Buy (CDAI) cDAI

As soon as you have located cDAI (CDAI), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are creating our own Limit Order.

The “Price” field will be filled automatically with the recent rate (CDAI) cDAI was sold for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of CDAI you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole amount of CDAI.

If you are glad, click on “Buy CDAI”. Your order will be filled when a Vendor sells their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your (CDAI) cDAI, hover over the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.

Congrats! You have successfully bought and safed (CDAI) cDAI in French Guiana.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you're finished.