How to Buy cDAI (CDAI) in Saudi Arabia

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

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to purchase units of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and to get your first 10 Dollar.

Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

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

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

Step 3 – Find cDAI (CDAI)

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

To discover (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 correct pairing, we have highlighted this also. Click on “CDAI/BTC” to continue.

Step 4 – Purchase cDAI (CDAI)

After you have located cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent valuation (CDAI) cDAI was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of CDAI you want to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete quantity of CDAI.

When you're happy, click on “Buy CDAI”. Your plan will be filled when a Vender trades their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extended time frame. To withdraw your (CDAI) cDAI, hover over the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Enter the amount of cDAI (CDAI) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

If you are satisfied, click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Congratulations! You have successfully bought and safed (CDAI) cDAI in Saudi Arabia.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored inside your wallet, you are finished.