How to Buy cDAI (CDAI) in Laos

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

Step 1 – Join Coinbase – Get Free $10

You will first need to buy units of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and getting your welcome 10$.

Step 2 – Send Your Ethereum or Bitcoin to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

Make sure you've chosen the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find cDAI (CDAI)

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

To locate (CDAI) cDAI, you'll need to put the short name of the asset (CDAI) into the search box, which is marked in the image. Make sure you have choosen the correct pairing, we have marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Purchasing (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 some Order Books (on the Left of the image). Next we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest rate (CDAI) cDAI was sold for. You can change this to your desired rate. The “Amount” field is the volumen of CDAI you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete volumen of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, never keep your crypto coins on an Crypto Exchange for an extensive time period. In order to withdraw your (CDAI) cDAI, go to the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're happy, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.

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

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, you're done.