How to Buy cDAI (CDAI) in Oman

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

Step 1 – Join Kraken

You will first need to buy units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).

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

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

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been approved, you will now have access to your finances and you can start invest and trading. To buy cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

To spot (CDAI) cDAI, you will need to put the cointype (CDAI) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we have marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Buy (CDAI) cDAI

As soon as you've found cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we're going to create our own Limit Order.

The “Price” field will be filled with the recent valuation (CDAI) cDAI was sold for. You can change this to your desired price. The “Amount” field is the quantity of CDAI you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole quantity of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are regularly trading, you should never keepyour crypto on an Crypto Trader for an extended period of time. In order to take off your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Put into the volumen of cDAI (CDAI) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

If you are glad, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Kudos! You've successfully purchased and safed (CDAI) cDAI in Oman.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe inside your wallet, you're all done.