How to Buy cDAI (CDAI) in Gambia

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

Step 1 – Signup to CEX.io

You'll first need to buy one of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find (CDAI) cDAI

Once your deposit has been affirmed, you will directly have access to your finances and you can initiate purchasing and trading. To purchase (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

To spot (CDAI) cDAI, you will need to insert the shortname of the coin (CDAI) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we've highlighted this also. Click on “CDAI/BTC” to proceed.

Step 4 – Purchasing cDAI (CDAI)

After you've discovered (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date tariff (CDAI) cDAI was sold for. You can change this to your desired rate. The “Amount” field is the amount of CDAI you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete amount of CDAI.

When you're happy, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Seller sells their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, never keep your crypto coins on an Exchange for an extensive time period. In order to withdraw your cDAI (CDAI), hover over the “Funds” tab and mouse 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 volumen of cDAI (CDAI) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

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

Congratulations! You've successfully purchased and safed (CDAI) cDAI in Gambia.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored within your wallet, you are all done.