How to Buy cDAI (CDAI) in Ghana

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

Step 1 – Signup to Kraken

You'll first need to purchase units of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you've selected the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH 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 different (Just follow these easy steps).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been confirmed, you will immediately have access to your finances and you can begin buying and trading. To buy (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To discover (CDAI) cDAI, you will need to put the cointype (CDAI) into the search-box, which is marked in the picture. Be certain of having selected the proper pairing, we've highlighted this too. Click on “CDAI/BTC” to go ahead.

Step 4 – Buying cDAI (CDAI)

As soon as you have spotted cDAI (CDAI), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are making our Limit Order.

The “Price” field will be filled with the most latest valuation cDAI (CDAI) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of CDAI you like to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole volumen of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, never keep your crypto coins on an Exchange for an longer time period. To take off your (CDAI) cDAI, go to the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Drop in the quantity of (CDAI) cDAI you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you are satisfied, click “Submit”. You may be asked for email/phone verification before a take off.

Kudos! You have successfully purchased and safed (CDAI) cDAI in Ghana.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe within your wallet, you're done.