How to Buy cDAI (CDAI) in Madagascar

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

Step 1 – Signup to Kraken

You will first need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Bitcoin or Ethereum to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been verified, you will directly have access to your funds and you can launch invest and trading. To purchase (CDAI) cDAI on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to locate cDAI (CDAI), you'll need to insert the short name of the asset (CDAI) into the search-box, which is marked in the graphic. Be certain of having selected the correct pairing, we've highlighted this also. Click on “CDAI/BTC” to proceed.

Step 4 – Buy cDAI (CDAI)

As soon as you've found cDAI (CDAI), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to create our own Limit Order.

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

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

Step 5 – Withdraw cDAI (CDAI)

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

Locate (CDAI) cDAI by using the provided drop-down box. Drop in the volumen of cDAI (CDAI) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

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

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

That's it!

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