How to Buy cDAI (CDAI) in Kenya

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

Step 1 – Join Kraken

In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and getting your first Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can commence buying and trading. To invest in (CDAI) cDAI on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To discover cDAI (CDAI), you will need to put the shortname of the coin (CDAI) into the search-box, which is marked in the image. Make sure you have selected the right pairing, we have highlighted this also. Click on “CDAI/BTC” to progress.

Step 4 – Purchase (CDAI) cDAI

After you have discovered cDAI (CDAI), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to make our Limit Order.

The “Price” field will be filled automatically with the most latest price (CDAI) cDAI was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of CDAI you like to buy. The “Total” field is the whole price in BTC that you'll pay for the complete amount of CDAI.

When you're satisfied, make a mouse click on “Buy CDAI”. Your order will be filled when a Vendor trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

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

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

When you are glad, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Kudos! You have successfully bought and safed cDAI (CDAI) in Kenya.

That's it!

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