How to Buy cDAI (CDAI) in Rwanda

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

Step 1 – Join Kraken

You will first need to purchase units of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you've selected the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been confirmed, you will directly have access to your funds and you can launch invest and trading. To purchase cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

In order to find cDAI (CDAI), you will need to put the shortname of the coin (CDAI) into the search box, which is highlighted in the image. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “CDAI/BTC” to go on.

Step 4 – Purchasing (CDAI) cDAI

Once you have located (CDAI) cDAI, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're making our own Limit Order.

The “Price” field will be automatically filled with the most recent valuation cDAI (CDAI) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of CDAI you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete volumen of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, never keep your crypto on an Crypto Exchange for an extensive time period. To withdraw your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Enter the quantity of cDAI (CDAI) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Kudos! You've successfully bought and stored cDAI (CDAI) in Rwanda.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored within your wallet, you are finished.