How to Buy cDAI (CDAI) in Lesotho

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange

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

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been affirmed, you'll now have access to your assets and you can start invest and trading. To purchase cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to find (CDAI) cDAI, you'll need to put the cointype (CDAI) into the search box, which is marked in the graphic. Make sure you have selected the right pairing, we've highlighted this too. Click on “CDAI/BTC” to go on.

Step 4 – Acquisition of cDAI (CDAI)

As soon as you've spotted (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent tariff cDAI (CDAI) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of CDAI you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of CDAI.

If you are satisfied, click on “Buy CDAI”. Your plan will be filled when a Vender trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, never keep your crypto coins on an Exchange for an longer time frame. In order to take off your cDAI (CDAI), go to the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be stored securely 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'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

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

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

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe within your wallet, you're finished.