How to Buy cDAI (CDAI) in Kyrgyzstan

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

Step 1 – Signup to Kraken

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

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

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

Make sure you've selected the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate cDAI (CDAI)

As soon as 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 will want to hover over the tab which is called “Exchange” and then 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 choosen the right pairing, we've marked this too. Click on “CDAI/BTC” to progress.

Step 4 – Acquisition of (CDAI) cDAI

Once you've found cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we are creating our Limit Order.

The “Price” field will be filled with the up-to-date valuation cDAI (CDAI) was sold for. You can change this to your desired price. The “Amount” field is the volumen of CDAI you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of CDAI.

When you are glad, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vendor sells their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

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

Locate cDAI (CDAI) by using the given drop-down box. Enter the quantity of (CDAI) cDAI you would 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 verfication via email/phone ahead of a withdrawal.

Congratulations! You have successfully bought and safed (CDAI) cDAI in Kyrgyzstan.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored inside your wallet, you're all done.