A Step-by-Step-Guide on how to buy cDAI (CDAI) in South Sudan
Step 1 – Signup to Kraken You will first need to buy units of the top-tier currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate (CDAI) cDAI Once your deposit has been affirmed, you'll now have access to your assets and you can begin invest and trading. To purchase (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. To find (CDAI) cDAI, you'll need to insert the shortname of the coin (CDAI) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we have marked this too. Click on “CDAI/BTC” to advance.
Step 4 – Purchasing (CDAI) cDAI As soon as you've located (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate cDAI (CDAI) was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of CDAI you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete amount of CDAI. When you're happy, click on “Buy CDAI”. Your order will be filled as soon as a Vender sells their CDAI for the price you offered.
Step 5 – Withdraw (CDAI) cDAI Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate cDAI (CDAI) by using the provided drop-down box. Put into the amount of (CDAI) cDAI you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.