How to Buy cDAI (CDAI) in Gabon

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

Step 1 – Join Kraken

You will first need to purchase one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Funds to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate cDAI (CDAI)

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

To find cDAI (CDAI), you will need to insert the short name of the asset (CDAI) into the search-box, which is marked in the picture. Make sure you have selected the proper grouping, we've marked this also. Click on “CDAI/BTC” to continue.

Step 4 – Buying (CDAI) cDAI

As soon as you've found (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make our own Limit Order.

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

If you're 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, best advise is not to keep coins on an Crypto Exchange for an extensive time period. In order to take off your cDAI (CDAI), go to the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are happy, click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.

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

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe within your wallet, you're finished.