How to Buy cDAI (CDAI) in Sudan

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

Step 1 – Join Kraken

You will first need to buy one of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and receive your first Bitcoin or Ethereum.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has 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 these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find (CDAI) cDAI

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

To discover (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 pairing, we've marked this too. Click on “CDAI/BTC” to advance.

Step 4 – Purchasing (CDAI) cDAI

After you've discovered cDAI (CDAI), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're creating our Limit Order.

The field with the “Price” tag will be filled with the latest valuation cDAI (CDAI) was sold for. This can be changed to your desired price. The “Amount” field is the volumen of CDAI you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete amount of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time period. To withdraw your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Drop in the amount of cDAI (CDAI) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

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

Congrats! You have successfully bought and safed cDAI (CDAI) in Sudan.

That's it!

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