How to Buy cDAI (CDAI) in Guinea-Bissau

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

Step 1 – Join CEX.io

You will first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and getting your welcome Ethereum or Bitcoin.

Step 2 – Transfer 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. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Find (CDAI) cDAI

Once your deposit has been confirmed, you'll immediately 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 “Exchange” tab and after that click on “Basic”.

In order to spot (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search-box, which is highlighted in the image. Be certain of having selected the proper grouping, we've highlighted this too. Click on “CDAI/BTC” to continue.

Step 4 – Purchase cDAI (CDAI)

After you have spotted (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order.

The “Price” field will be filled automatically with the most up-to-date valuation (CDAI) cDAI was traded for. This can be changed to your desired price. The “Amount” field is the quantity of CDAI you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete volumen of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time frame. To withdraw your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Drop in the amount of cDAI (CDAI) you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

When you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

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

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe inside your wallet, you are done.