How to Buy cDAI (CDAI) in Seychelles

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

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to buy units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get your welcome $10.

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

Make sure you have chosen the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been approved, you will immediately have access to your assets and you can begin invest and trading. To purchase (CDAI) cDAI on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to locate cDAI (CDAI), you will need to insert the cointype (CDAI) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we've marked this too. Click on “CDAI/BTC” to advance.

Step 4 – Buying cDAI (CDAI)

As soon as you've located cDAI (CDAI), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are creating our Limit Order.

The “Price” field will be filled automatically with the most recent rate (CDAI) cDAI was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of CDAI you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole amount of CDAI.

If you are glad, click on “Buy CDAI”. Your plan will be filled when a Vender sells their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, you should never keepyour crypto on an Crypto Trader for an extensive time frame. In order to take off your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Put into the quantity of (CDAI) cDAI you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you are glad, click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.

Congrats! You've successfully bought and stored cDAI (CDAI) in Seychelles.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe inside your wallet, you're finished.