How to Buy cDAI (CDAI) in Morocco

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

Step 1 – Signup to Kraken

You will first need to buy units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first Ethereum or Bitcoin.

Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader

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

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been approved, you'll immediately have access to your funds and you can begin invest and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to discover (CDAI) cDAI, you will need to put the short name of the asset (CDAI) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we've marked this also. Click on “CDAI/BTC” to go on.

Step 4 – Purchasing cDAI (CDAI)

As soon as you've spotted cDAI (CDAI), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the most latest tariff cDAI (CDAI) was traded for. You can change this to your preferred rate. The “Amount” field is the amount of CDAI you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete volumen of CDAI.

If you're happy, click on “Buy CDAI”. Your order will be filled as soon as a Seller sells their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently 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, hover over the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Put into the quantity of (CDAI) cDAI you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address.

When you are satisfied, click “Submit”. You could be asked for verfication via phone/email before a take off.

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

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, you're all done.