How to Buy cDAI (CDAI) in Qatar

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

Step 1 – Join Coinbase – Get Free $10

You'll first need to buy units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and receive your first 10 Dollar.

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

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is accessible 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 guide)

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been approved, you will directly have access to your funds and you can commence buying and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and then 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. Be certain of having choosen the proper grouping, we have marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Buying (CDAI) cDAI

Once you've found cDAI (CDAI), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're creating our Limit Order.

The field with the “Price” tag will be filled automatically with the recent price cDAI (CDAI) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of CDAI you want to purchase. The “Total” field is the total price in BTC that you'll settle for the whole volumen of CDAI.

If you are glad, make a mouse click on “Buy CDAI”. Your plan will be filled when a Seller trades their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended time period. In order to withdraw your cDAI (CDAI), go to the “Funds” tab and click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Enter the quantity of cDAI (CDAI) you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

If you are happy, click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Congrats! You've successfully bought and safed cDAI (CDAI) in Qatar.

That's it!

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