How to Buy cDAI (CDAI) in Laos

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

Step 1 – Signup to Kraken

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

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. cDAI (CDAI) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

Make sure you have chosen the exact coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate (CDAI) cDAI

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

To find (CDAI) cDAI, you'll need to put the shortname of the coin (CDAI) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we've highlighted this also. Click on “CDAI/BTC” to continue.

Step 4 – Buying cDAI (CDAI)

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

The field with the “Price” tag will be filled automatically with the most latest price (CDAI) cDAI was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of CDAI you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole quantity of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, never keep your coins on an Crypto Exchange for an longer 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 securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are satisfied, click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Kudos! You have successfully purchased and stored cDAI (CDAI) in Laos.

That's it!

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