How to Buy cDAI (CDAI) in Sierra Leone

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

Step 1 – Join Coinbase – Get Free $10

You'll first need to buy units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome 10 Dollar.

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

Make sure you have selected the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find (CDAI) cDAI

Once your deposit has been verified, you'll directly have access to your finances and you can commence invest and trading. To buy (CDAI) cDAI on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To locate cDAI (CDAI), you will need to put the shortname of the coin (CDAI) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we've marked this too. Click on “CDAI/BTC” to go on.

Step 4 – Acquisition of cDAI (CDAI)

As soon as you've spotted cDAI (CDAI), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we are creating our own Limit Order.

The “Price” field will be filled with the recent rate cDAI (CDAI) was sold for. You can change this 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 whole price in Bitcoin that you will settle for the whole quantity of CDAI.

When you are glad, click on “Buy CDAI”. Your plan will be filled as soon as a Seller sells their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. To take off your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the given drop-down box. Put into the volumen of cDAI (CDAI) you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

If you're satisfied, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.

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

That's it!

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