How to Buy cDAI (CDAI) in Maldives

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive your welcome Ethereum or Bitcoin.

Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been confirmed, you'll now have access to your funds and you can commence buying and trading. To buy (CDAI) cDAI on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To spot 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 grouping, we've marked this also. Click on “CDAI/BTC” to continue.

Step 4 – Purchasing (CDAI) cDAI

After you have spotted cDAI (CDAI), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're making our own Limit Order.

The “Price” field will be automatically filled with the up-to-date tariff cDAI (CDAI) was sold for. You can change this to your preferred rate. The “Amount” field is the amount of CDAI you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete amount 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, you should never keepyour crypto coins on an Crypto Trader for an longer time period. In order to withdraw your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Put into the quantity of (CDAI) cDAI you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.

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

Kudos! You have successfully purchased and stored (CDAI) cDAI in Maldives.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored inside your wallet, you are all done.