How to Buy cDAI (CDAI) in Sierra Leone

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

Step 1 – Signup to Kraken

You'll first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and receive your first Bitcoin or Ethereum.

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

Your Ethereum (ETH) or Bitcoin (BTC) has 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 example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've 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. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been affirmed, you'll directly have access to your funds and you can commence purchasing and trading. To buy cDAI (CDAI) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

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

Step 4 – Acquisition of cDAI (CDAI)

Once you've found (CDAI) cDAI, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're going to make our Limit Order.

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

If you're glad, make a mouse 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 are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your cDAI (CDAI), hover over the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Drop in the volumen of cDAI (CDAI) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address.

When you're satisfied, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully purchased and safed (CDAI) cDAI in Sierra Leone.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe within your wallet, you are done.