How to Buy cDAI (CDAI) in Russia

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome 10$.

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

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

Make sure you have selected the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find (CDAI) cDAI

Once your deposit has been confirmed, you'll directly have access to your finances and you can start 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”.

To find (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we've highlighted this also. Click on “CDAI/BTC” to go on.

Step 4 – Purchase (CDAI) cDAI

Once you have located (CDAI) cDAI, you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are creating our Limit Order.

The “Price” field will be filled automatically with the most latest price (CDAI) cDAI was sold for. You can change this to your favoured price. The field with the “Amount” tag is the amount of CDAI you wish to buy. The “Total” field is the whole price in BTC that you'll settle for the complete volumen of CDAI.

If you're glad, make a mouse click on “Buy CDAI”. Your order will be filled when a Vendor trades their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extended period of time. In order to withdraw your cDAI (CDAI), go to the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Drop in the amount of cDAI (CDAI) you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

If you are happy, click “Submit”. You may be requested for email/phone verification before a take off.

Congrats! You have successfully purchased and stored cDAI (CDAI) in Russia.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe within your wallet, you are finished.