How to Buy cDAI (CDAI) in Jordan

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

Step 1 – Signup to CEX.io

You will first need to buy one of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find (CDAI) cDAI

Once your deposit has been verified, you will directly have access to your assets 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”.

In order to spot (CDAI) cDAI, you'll need to insert the shortname of the coin (CDAI) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we've highlighted this also. Click on “CDAI/BTC” to continue.

Step 4 – Purchasing (CDAI) cDAI

As soon as you have found cDAI (CDAI), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to create our own Limit Order.

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

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

Step 5 – Withdraw cDAI (CDAI)

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

Find cDAI (CDAI) by using the given drop-down box. Drop in the amount of (CDAI) cDAI you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.

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

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending 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 within your wallet, you are done.