How to Buy cDAI (CDAI) in Qatar

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find (CDAI) cDAI

Once your deposit has been affirmed, you will immediately have access to your finances and you can launch purchasing and trading. To invest in (CDAI) cDAI on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

To locate cDAI (CDAI), you will need to insert the short name of the asset (CDAI) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we've marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Buy cDAI (CDAI)

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

The field with the “Price” tag will be filled automatically with the up-to-date valuation cDAI (CDAI) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of CDAI you wish to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the whole volumen of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time period. In order to withdraw your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Enter the volumen of cDAI (CDAI) you'd like to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address.

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

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

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe within your wallet, you're finished.