How to Buy cDAI (CDAI) in Sri Lanka

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

Step 1 – Join Coinbase and get 10$ for free

You will first need to buy one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and to get your first 10$.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we will use that as an illustration. 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 wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find cDAI (CDAI)

Once your deposit has been confirmed, you'll now have access to your assets and you can launch 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 put the short name of the asset (CDAI) into the search-box, which is highlighted in the picture. Be certain of having selected the proper grouping, we've marked this also. Click on “CDAI/BTC” to continue.

Step 4 – Buying cDAI (CDAI)

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

The “Price” field will be automatically filled with the most latest price (CDAI) cDAI was sold for. You can change this to your favoured price. The “Amount” field is the quantity of CDAI you like to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the whole volumen of CDAI.

If you are satisfied, click on “Buy CDAI”. Your order will be filled as soon as a Vendor sells their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer time period. To take off your (CDAI) cDAI, hover over the “Funds” tab 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 amount of (CDAI) cDAI you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

If you are glad, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

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

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely 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're finished.