How to Buy cDAI (CDAI) in Namibia

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).

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

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

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been verified, you will directly have access to your funds and you can commence buying and trading. To buy cDAI (CDAI) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we've marked this also. Click on “CDAI/BTC” to advance.

Step 4 – Purchasing (CDAI) cDAI

After you've located (CDAI) cDAI, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're going to make our own Limit Order.

The “Price” field will be filled automatically with the most latest price (CDAI) cDAI was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of CDAI you like to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole amount of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

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

Locate (CDAI) cDAI by using the provided drop-down box. Enter the amount of (CDAI) cDAI you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

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

Kudos! You've successfully bought and stored (CDAI) cDAI in Namibia.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe within your wallet, you are finished.