How to Buy cDAI (CDAI) in Libya

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and receive your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find cDAI (CDAI)

Once your deposit has been affirmed, you will now have access to your funds and you can start buying and trading. To invest in cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to spot cDAI (CDAI), you will need to put the short name of the asset (CDAI) into the search-box, which is highlighted in the picture. Be certain of having selected the correct pairing, we have highlighted this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Acquisition of (CDAI) cDAI

Once you've located cDAI (CDAI), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are making our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation (CDAI) cDAI was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of CDAI you wish to buy. The “Total” field is the whole price in BTC that you'll settle for the whole amount of CDAI.

When you're satisfied, make a mouse click on “Buy CDAI”. Your order will be filled when a Vender sells their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

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

Find cDAI (CDAI) by using the given drop-down box. Enter the quantity of cDAI (CDAI) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you're glad, click “Submit”. You may be requested for email/phone verification ahead of a take off.

Congrats! You have successfully bought and safed (CDAI) cDAI in Libya.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored within your wallet, you're finished.