How to Buy cDAI (CDAI) in Iraq

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

Step 1 – Join CEX.io

In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome Bitcoin or Ethereum.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need 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're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have chosen the precise coin you wish to deposit.

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

Step 3 – Locate (CDAI) cDAI

Once your deposit has been approved, you will now have access to your assets and you can begin invest and trading. To purchase cDAI (CDAI) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

To spot (CDAI) cDAI, you'll need to insert the cointype (CDAI) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we've highlighted this too. Click on “CDAI/BTC” to proceed.

Step 4 – Purchase (CDAI) cDAI

Once you have spotted (CDAI) cDAI, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are making our own Limit Order.

The field with the “Price” tag will be filled automatically with the latest price (CDAI) cDAI was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of CDAI you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete volumen of CDAI.

When you're happy, click on “Buy CDAI”. Your plan will be filled as soon as a Vender sells their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

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

Find cDAI (CDAI) by using the provided drop-down box. Put into the amount of (CDAI) cDAI you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

If you're happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Congrats! You have successfully purchased and stored (CDAI) cDAI in Iraq.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe inside your wallet, you're done.