How to Buy cDAI (CDAI) in Suriname

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

Step 1 – Signup to CEX.io

You'll first need to buy units of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you've selected the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find (CDAI) cDAI

Once your deposit has been approved, you'll directly have access to your assets and you can begin buying and trading. To buy cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

To discover (CDAI) cDAI, you will need to insert the cointype (CDAI) into the search-box, which is highlighted in the image. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “CDAI/BTC” to progress.

Step 4 – Buy cDAI (CDAI)

As soon as you have located cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation (CDAI) cDAI was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of CDAI you like to buy. The “Total” field is the aggregated price in BTC that you will pay for the complete amount of CDAI.

When you're happy, click on “Buy CDAI”. Your order will be filled when a Vendor sells their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Trader for an longer time frame. To take off your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the given drop-down box. Put into the quantity of cDAI (CDAI) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address.

When you're happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.

Kudos! You have successfully purchased and safed cDAI (CDAI) in Suriname.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored within your wallet, you're done.