How to Buy cDAI (CDAI) in Lebanon

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

Step 1 – Join Kraken

You will first need to purchase one of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been approved, you will instantly have access to your assets and you can begin buying and trading. To invest in cDAI (CDAI) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

To find (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search-box, which is highlighted in the picture. Be certain of having selected the right pairing, we've marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Purchasing cDAI (CDAI)

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

The field with the “Price” tag will be filled with the recent valuation cDAI (CDAI) was traded for. You can change this to your favoured price. The “Amount” field is the amount of CDAI you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time period. In order to take off your (CDAI) cDAI, hover over the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Put into the quantity of cDAI (CDAI) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you're happy, click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Kudos! You've successfully purchased and stored (CDAI) cDAI in Lebanon.

That's it!

Withdrawals from Cryptocurrency Exchange can take 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 safe in your wallet, you are all done.