How to Buy cDAI (CDAI) in Mozambique

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

Step 1 – Join Kraken

You'll first need to purchase one of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have 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 Cryptocurrency Exchange? (Follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been affirmed, you'll directly have access to your assets and you can initiate invest and trading. To buy cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

In order to find (CDAI) cDAI, you will need to put the cointype (CDAI) into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've highlighted this too. Click on “CDAI/BTC” to go ahead.

Step 4 – Buying (CDAI) cDAI

As soon as you've found cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order.

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

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

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, best advise is not to keep your coins on an Exchange for an extended time frame. To take off your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Put into the quantity of cDAI (CDAI) you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address.

When you are satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

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

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe in your wallet, you are finished.