How to Buy cDAI (CDAI) in Guinea

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and getting your welcome Ethereum or Bitcoin.

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find (CDAI) cDAI

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

In order to find (CDAI) cDAI, you'll need to insert the shortname of the coin (CDAI) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've marked this too. Click on “CDAI/BTC” to advance.

Step 4 – Purchasing cDAI (CDAI)

As soon as you've located cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're going to create our own Limit Order.

The “Price” field will be filled with the most latest valuation (CDAI) cDAI was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of CDAI you like to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of CDAI.

When you're satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled when a Vendor 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 Crypto Trader for an extended period of time. To withdraw your cDAI (CDAI), hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're satisfied, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Congrats! You've successfully bought and safed (CDAI) cDAI in Guinea.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored within your wallet, you're all done.