How to Buy cDAI (CDAI) in Guinea-Bissau

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

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to purchase units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and receive your first 10$.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is available 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 manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been affirmed, you'll directly 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 tab which is called “Exchange” and then click on “Basic”.

In order to discover cDAI (CDAI), you will need to put the short name of the asset (CDAI) into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we've marked this too. Click on “CDAI/BTC” to progress.

Step 4 – Purchasing cDAI (CDAI)

After you've spotted (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're making our own Limit Order.

The field with the “Price” tag will be filled with the most latest valuation cDAI (CDAI) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of CDAI you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete quantity of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an extensive time frame. To take off your cDAI (CDAI), go to the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Put into the volumen of cDAI (CDAI) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully bought and stored (CDAI) cDAI in Guinea-Bissau.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe in your wallet, you're finished.