How to Buy cDAI (CDAI) in Timor-Leste

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

Step 1 – Join CEX.io

You will first need to buy one of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can commence buying and trading. To invest in cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to spot (CDAI) cDAI, you'll need to insert the short name of the asset (CDAI) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have highlighted this too. Click on “CDAI/BTC” to progress.

Step 4 – Purchasing (CDAI) cDAI

As soon as you've discovered (CDAI) cDAI, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're making our Limit Order.

The field with the “Price” tag will be automatically filled with the most latest rate (CDAI) cDAI was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of CDAI you wish to purchase. The “Total” field is the total price in Bitcoin that you'll settle for the whole amount of CDAI.

If you're satisfied, 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 are trading, you should never keepyour crypto on an Crypto Exchange for an longer time period. In order to withdraw your cDAI (CDAI), hover over the “Funds” tab 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. Enter the quantity of cDAI (CDAI) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you are glad, click “Submit”. You may be asked for verfication via phone/email before a take off.

Congrats! You have successfully purchased and stored (CDAI) cDAI in Timor-Leste.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored within your wallet, you're done.