How to Buy cDAI (CDAI) in Saudi Arabia

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

Step 1 – Join Kraken

In the beginning you'll need to buy one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and receive your welcome Bitcoin or Ethereum.

Step 2 – Transfer Your Funds to an Exchange

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

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can launch purchasing and trading. To invest in cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To spot cDAI (CDAI), you will need to put the shortname of the coin (CDAI) into the search-box, which is marked in the picture. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “CDAI/BTC” to go on.

Step 4 – Purchase cDAI (CDAI)

After you have spotted (CDAI) cDAI, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest tariff cDAI (CDAI) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of CDAI you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole amount of CDAI.

If you're happy, 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 are frequently trading, never keep your crypto coins on an Exchange for an extended time period. To take off your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Enter the volumen of cDAI (CDAI) you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, click “Submit”. You could be asked for email/phone verification ahead of a withdrawal.

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

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe inside your wallet, you are done.