How to Buy cDAI (CDAI) in Nepal

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

Step 1 – Signup to CEX.io

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

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

Make sure you've chosen the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can commence buying and trading. To purchase (CDAI) cDAI on Binance, you will want to hover over the “Exchange” tab and after that 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 selected the proper pairing, we have highlighted this also. Click on “CDAI/BTC” to continue.

Step 4 – Buy (CDAI) cDAI

After you have spotted (CDAI) cDAI, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the latest rate cDAI (CDAI) was sold for. You can change this to your preferred rate. The “Amount” field is the amount of CDAI you like to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of CDAI.

If you're satisfied, click on “Buy CDAI”. Your plan will be filled as soon as a Vender 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 Crypto Exchange for an longer time frame. To take off your cDAI (CDAI), go to the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Enter the amount of (CDAI) cDAI you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address.

If you're satisfied, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.

Kudos! You've successfully bought and safed cDAI (CDAI) in Nepal.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored in your wallet, you're done.