How to Buy cDAI (CDAI) in Niger

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

Step 1 – Join Kraken

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

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

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

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been confirmed, you will now have access to your assets and you can initiate purchasing and trading. To buy cDAI (CDAI) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to spot (CDAI) cDAI, you will need to insert the short name of the asset (CDAI) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we have marked this too. Click on “CDAI/BTC” to go on.

Step 4 – Acquisition of cDAI (CDAI)

As soon as you have discovered (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date tariff cDAI (CDAI) was sold for. This can be changed to your preferred price. The “Amount” field is the amount of CDAI you want to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete amount of CDAI.

If you are satisfied, click on “Buy CDAI”. Your order will be filled when a Vendor sells their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your cDAI (CDAI), go to the tab called “Funds” and mouse 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. Drop in the volumen of (CDAI) cDAI you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address.

When you are satisfied, click “Submit”. You could be requested for phone/email verification ahead of a take off.

Congrats! You have successfully bought and stored cDAI (CDAI) in Niger.

That's it!

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