How to Buy cDAI (CDAI) in Mauritius

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

Step 1 – Join CEX.io

You'll first need to buy one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Ethereum or Bitcoin to an Exchange

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

Make sure you've chosen the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been verified, you will instantly have access to your finances and you can begin invest and trading. To purchase (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

In order to spot (CDAI) cDAI, you'll need to put the shortname of the coin (CDAI) into the search-box, which is marked in the graphic. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “CDAI/BTC” to proceed.

Step 4 – Acquisition of (CDAI) cDAI

After you've spotted cDAI (CDAI), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our Limit Order.

The “Price” field will be filled automatically with the most latest tariff cDAI (CDAI) was sold for. This can be changed to your preferred price. The “Amount” field is the quantity of CDAI you wish to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, never keep your crypto coins on an Crypto Trader for an longer time period. To take off your (CDAI) cDAI, go to the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are happy, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

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

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored in your wallet, you're all done.