How to Buy cDAI (CDAI) in Syria

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and getting your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you have selected the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been approved, you will now have access to your assets and you can start invest and trading. To purchase (CDAI) cDAI on Binance, you'll want to hover over the tab which is called “Exchange” and after that 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 highlighted in the picture. Make sure you have choosen the right pairing, we have highlighted this too. Click on “CDAI/BTC” to continue.

Step 4 – Purchasing (CDAI) cDAI

After you've located cDAI (CDAI), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are creating our Limit Order.

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

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

Step 5 – Withdraw (CDAI) cDAI

Unless you are trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your (CDAI) cDAI, hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for instance 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 take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, click “Submit”. You may be requested for phone/email verification before a take off.

Congrats! You have successfully purchased and stored cDAI (CDAI) in Syria.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored inside your wallet, you're done.