How to Buy cDAI (CDAI) in Malawi

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

Step 1 – Join CEX.io

You'll first need to buy one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and to get your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been verified, you'll instantly have access to your funds and you can launch invest and trading. To buy cDAI (CDAI) on Binance, you will want to go to the “Exchange” tab and click on “Basic”.

In order to discover cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we have highlighted this also. Click on “CDAI/BTC” to go on.

Step 4 – Buy cDAI (CDAI)

As soon as you have located (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to create our Limit Order.

The “Price” field will be filled automatically with the recent tariff cDAI (CDAI) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of CDAI you want to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole amount of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your (CDAI) cDAI, hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Enter the volumen of cDAI (CDAI) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

When you're satisfied, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Kudos! You've successfully bought and stored (CDAI) cDAI in Malawi.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored in your wallet, you are done.