How to Buy cDAI (CDAI) in Mali

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

Step 1 – Signup to Kraken

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

Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

Make sure you've selected the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been confirmed, you will now have access to your funds and you can launch purchasing and trading. To invest in cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

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

Step 4 – Purchase cDAI (CDAI)

As soon as you have 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 picture). And now we're going to make our own Limit Order.

The “Price” field will be automatically filled with the most latest valuation cDAI (CDAI) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of CDAI you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete volumen of CDAI.

When you are happy, click on “Buy CDAI”. Your plan will be filled as soon as a Vender sells their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you are 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)

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

When you're happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congratulations! You have successfully bought and stored (CDAI) cDAI in Mali.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe in your wallet, you're finished.