How to Buy cDAI (CDAI) in Maldives

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

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and receive your first 10 Dollar.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been approved, you will now have access to your funds and you can begin invest and trading. To purchase (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

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

Step 4 – Purchase cDAI (CDAI)

Once you've discovered cDAI (CDAI), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we're creating our own Limit Order.

The “Price” field will be automatically filled with the up-to-date valuation cDAI (CDAI) was sold for. You can change this to your desired rate. The “Amount” field is the amount of CDAI you wish to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole quantity of CDAI.

If you are satisfied, 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 regularly trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time frame. In order to take off your (CDAI) cDAI, go to the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be stored safely 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 would wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address.

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

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

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe inside your wallet, you're done.