How to Buy cDAI (CDAI) in Kuwait

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

Step 1 – Join Kraken

You'll first need to purchase one of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and getting your welcome Ethereum or Bitcoin.

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

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

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 ETH deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find (CDAI) cDAI

Once your deposit has been confirmed, you'll instantly have access to your funds and you can begin buying and trading. To invest in cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

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

Step 4 – Acquisition of (CDAI) cDAI

Once you've found cDAI (CDAI), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're making our own Limit Order.

The “Price” field will be filled automatically with the latest valuation cDAI (CDAI) was traded for. This can be changed to your preferred rate. The “Amount” field is the volumen of CDAI you like to purchase. The “Total” field is the whole price in BTC that you'll pay for the complete volumen of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, never keep your coins on an Crypto Exchange for an longer time period. In order to withdraw your (CDAI) cDAI, hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Enter the volumen of cDAI (CDAI) you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

When you are glad, click “Submit”. You could be requested for phone/email verification before a take off.

Congratulations! You have successfully purchased and safed cDAI (CDAI) in Kuwait.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe inside your wallet, you are all done.